CALGARY, Alberta–(BUSINESS WIRE)–Cold Bore Technology Inc. (“Cold Bore”), a leader in completion optimization technology, announced today that company Co-founder and president, Brett Chell has assumed the role of Chief Executive Officer.
Former CEO, Blair Layton has moved to the role of Chief Financial Officer.
Cold Bore has experienced significant demand for its SmartPAD completions operating system in the US market over the last 18 months. Its technology delivers real-time, sensor-driven tracking of ultra-high-resolution fracking operations data with analytics. It is currently deployed with over 50% of the top 10 US-based oil and natural gas producers.
“I’m very excited to further solidify our position in the US market and take full advantage of the incredible momentum we’ve built there over the past 12 months,” said Brett Chell, President & CEO, Cold Bore. “Blair has done an exceptional job up to now and we will continue to work together closely as we execute on our aggressive growth strategy.”
About Cold Bore
Cold Bore Technology Inc. (“Cold Bore”) is a global leader in completion optimization technology, developing the first Completions Operating System through Cold Bore’s SmartPAD service.
For more information, please visit – https://www.coldboretechnology.com/.