Rice Investment Group
Rice Investment Group, established in 2018 and headquartered in Carnegie, Pennsylvania, is a private equity firm specializing in the oil and gas sector. With a $200 million multi-strategy fund, the firm invests across various verticals, including upstream, midstream, oilfield services, and energy technology. Led by the former Rice Energy management team, RIG leverages its operational, technical, and strategic expertise to add value to partnerships. The firm typically invests between $1 million and $40 million per transaction, either passively alongside existing management teams or actively as the lead financial sponsor.
Cold Bore
Venture Round in 2021
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.
Cold Bore
Series B in 2019
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.
Cold Bore
Series A in 2018
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.
Kelvin Inc., established in 2013 and headquartered in San Francisco, specializes in designing and developing advanced software solutions for industrial automation. Its flagship product, Kelvin Oil App, leverages artificial intelligence to optimize and operate physical systems in the oil field market.
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