Update: SmartPad frac tech enters the Bakken, expands in Permian

By Cold Bore Technology Inc. | January 24, 2020

Cold Bore Technology Inc., a leader in fracking completion optimization technology, has integrated the company’s proprietary SmartPAD technology with one of the largest oil producers in North Dakota’s Bakken Formation. Cold Bore Technology announced on January 29, that they have finalized new deals with two leading energy producers based in Western Texas’ Permian Basin and completed installation of its SmartPAD completions operating system. The SmartPAD platform allows for ultra high-resolution operations data to be captured, analyzed and acted on in real-time. By using a combination of valve positioning, pressure monitoring sensors, field data collection systems and proprietary software, it is able to fully digitize completions operations. This results in higher levels of efficiency, increased transparency and a safer onsite environment for workers, the Calgary-based company said.

Although it is currently deployed with fracking operators throughout North America, including six of the top 10 producers, these represent the first integrations of the platform in the Bakken region.

“We’ve seen interest in our SmartPAD technology grow exponentially in the last 12 months and I’m very pleased to now have our first integrations in the Bakken which is the third largest U.S. shale oil field, behind Texas' Permian.” said Brett Chell, President at Cold Bore. “We do expect further producers in the region to begin integrating the technology over the coming months as field results demonstrate the significant value of having real-time access to ultra high-resolution data.”

Chell added, “We’re continuing to see exceptional appetite for our technology with operators from the Texan Permian to BC’s Montney region. The type of high resolution data we’re able to provide allows operators to see exactly what is happening on location in real time. Having a single source of truth for operations data via the SmartPAD also helps strengthen communications between each of the onsite services which leads to safer and more efficient production with less downtime.”

Benefits of SmartPAD integration for producers include:

-Remote visibility of onsite operations in real-time

-Reduced downtime and well switch time

-Precise identification of average service operating times

-Increased pad efficiency and reduced completion costs

-Mitigation of several major safety issues including trapped pressure, leaking valves and hot zone incidents

How it works 

Cold Bore’s patented SmartPAD uses a combination of valve positioning, pressure monitoring sensors, field data collection systems and proprietary software to fully digitize completions operations.

The monitored data sets drive an automated algorithm that tracks and records the start and completion of each activity carried out by multiple onsite service vendors - including frac, wireline, pump down and several others - down to the second. The real-time data can then be remotely accessed by those monitoring operations from anywhere in the world.