PrePad

Calgary-based PrePad has won Hart Energy’s 2025 Meritorious Award for Engineering Innovation in the Digital Oilfield category. The honor recognizes PrePad’s Completions Module, the first completions process simulator enabling operators to compare well decisions in seconds. Judges praised its integration of cost, time, and production trade-offs in one platform.

Founded in 2021 by former Shell engineers, PrePad has quickly become a leader in drilling optimization, securing clients such as Chevron, Shell Canada, and Devon Energy. The firm recently raised C$3.9 million and joined Chevron Technology Ventures’ Catalyst Program. PrePad says the award validates its impact on energy efficiency.

Want to know more? Check out the source code on Calgary.tech.

Calgary-based PrePad has raised $3.9 million in seed funding to advance its cloud-based software for drilling and completions. The funding, led by Devon Energy with support from Chevron Technology Ventures, BDC, and Alberta Innovates, will support U.S. expansion and product development. PrePad’s platform helps energy firms optimize well economics by simulating cost, time, and production trade-offs.

CEO Sean Hervo called the round a “major milestone,” positioning PrePad as a leader in drilling software innovation. Clients already include Chevron, Shell, and Birchcliff. With additional subscriptions launching in 2025, the company aims to dominate a newly defined software category.

Want to know more? Check out the source code on Calgary.tech.