Cold Bore Technology Launches Beta/Commercial Test of Pioneering ‘Frac Action’ Frac Optimization Software
Summary
CALGARY, Alberta--(BUSINESS WIRE)--Cold Bore Technology Inc. (“Cold Bore”), a leader in completion optimization technology, announced today that it will initiate beta testing of its latest software product ‘Frac Action’ with select operators in the coming days. The ability to compare stages in real time enables operators to visualize optimal performance and make critical decisions in real-time. Unlike a handful of data aggregation technologies in the market, Frac Action is powered by high resolution, structured well data, collected at source in real time and correlated directly into an intelligent dashboard via Cold Bore’s SmartPAD operating system. The patented SmartPAD uses a combination of valve positioning, pressure monitoring sensors, field data collection systems and proprietary software to fully digitize completions operations. “Frac is the most expensive but also the most effective way to increase wellbore production and because of that, producers need better tools to optimize their fracking operations,” said Brett Chell, President at Cold Bore.