Cordax Evaluation Technologies
Cordax Evaluation Technologies provides a proprietary Logging While Tripping (LWT) open-hole well logging service for enterprise oil and gas operators. It eliminates traditional wireline interventions, reducing rig time, lost-in-hole risk, and radioactive source exposure, delivered globally through channel partners.
- Company typePrivate
- Founded2015
- HeadquartersCalgary, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Cordax Evaluation Technologies does
Cordax Evaluation Technologies is a Calgary-headquartered, privately held oilfield services company that provides a proprietary open-hole logging platform called Logging While Tripping (LWT). The LWT system acquires formation evaluation data during pipe trip operations, eliminating the need for separate wireline interventions and the associated Lost-In-Hole risk, radioactive source exposure, and extra rig time. The company serves enterprise oil and gas operators across drilling, workover, and rigless intervention campaigns, with specialized applications including multi-leg lateral wells, saltwater disposal wells, high-temperature wells, water management via time-lapsed logging (SweepVue), and most recently Carbon Capture and Storage (CCS) wells. Cordax's IP base comprises three granted US patents covering multi-material density logging, pumpdown apparatus, and latching mechanisms, plus a pending compensation-of-tools application.
The company's product portfolio centers on the LWT platform and its sub-products (SweepVue, Nuclear Derived Caliper, Multi-Leg Lateral, Saltwater Disposal), supported by Data Processing & Interpretation and Petrophysics Services modules that translate raw LWT data into decision-making reservoir insights. Cordax generates revenue through professional service contracts for LWT delivery, quoted on a per-well or per-project basis typical of B2B oilfield services, with pricing not publicly disclosed.
The go-to-market model is exclusively channel-based: Cordax provides the LWT technology platform to local partners with established sales infrastructure, including BakerHughes, Weatherford, Vinco, and Ionos, plus regional technology partners. This asset-light distribution approach supports operations in North America (USA, Canada), Latin America, the Middle East (UAE), and historically Indonesia, without requiring Cordax to build a direct local sales force in each market.
Cordax Evaluation Technologies firmographics
Firmographics- Name
- Cordax Evaluation Technologies
- Legal name
- Cordax Evaluation Technologies
- Website
- https://cordax.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Cordax Evaluation Technologies provides a proprietary Logging While Tripping (LWT) open-hole well logging service for enterprise oil and gas operators. It eliminates traditional wireline interventions, reducing rig time, lost-in-hole risk, and radioactive source exposure, delivered globally through channel partners.
- Ownership category
- akta.pro rank
Cordax Evaluation Technologies industry classification
Industry- Product category
- Oilfield Well Logging Services
- NAICS
- Support Activities for Mining (213)
- SIC
- Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Directional Drilling & MWD/LWD Services (EUALABAB)
Keywords
Where Cordax Evaluation Technologies is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Cordax Evaluation Technologies business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- LWT Logging Services: Cordax provides Logging While Tripping (LWT) services for open-hole wells, offering a range of applications including drilling, workover, and rigless intervention logging. Revenue is generated through service delivery contracts, likely on a per-well or per-project basis.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Cordax Evaluation Technologies product offering
Product offeringCore offering
Cordax Evaluation Technologies provides proprietary Logging While Tripping (LWT) open-hole well logging services to oil and gas operators worldwide. Its LWT platform acquires formation evaluation data during pipe-trip operations, eliminating the need for separate wireline interventions and reducing operational risk, radioactive-source exposure, and extra rig time. The service is delivered across drilling, workover, and rigless intervention campaigns and is supported by petrophysical interpretation to convert raw log data into reservoir decisions.
Product overview
Cordax Evaluation Technologies offers a single unified product platform called Logging While Tripping (LWT), a proprietary open-hole logging service. The LWT platform serves as the core technology, with specialized services tailored for Drilling, Workover, and Rigless Intervention applications. The portfolio includes sub-products such as SweepVue (water management/time-lapsed logging), Nuclear Derived Caliper (NDCAL), Multi-Leg Lateral logging, and Saltwater Disposal Well (SWD) logging. Supporting service modules include Data Processing & Interpretation and Petrophysics Services, which deliver actionable reservoir insights and decision-making petrophysical information derived from LWT data.
Differentiator
Problem solved
Functional benefit
Products and services
- Logging While Tripping (LWT) Open-Hole Logging Services Proprietary open-hole well logging service that acquires formation evaluation data during pipe-trip operations, eliminating the need for separate wireline interventions. Applicable to drilling, workover, and rigless intervention campaigns across virtually any wellbore profile.
- SweepVue Time-lapsed open-hole logging service for water management applications, enabling operators to monitor and evaluate evolving near-wellbore fluid migration in producing and disposal wells.
- Nuclear Derived Caliper (NDCAL) Caliper logging service delivered using the LWT platform, designed to optimize open-hole packer placement by providing borehole geometry data acquired during tripping.
- Multi-Leg Lateral LWT Logging Specialized LWT logging service for multi-leg lateral wells, enabling data acquisition across complex well geometries including extended-reach and multi-branch wells.
- Saltwater Disposal (SWD) Well Logging LWT logging service that addresses the unique operational and data acquisition challenges of saltwater disposal wells and similar injection/disposal wellbores.
- Drilling Campaign LWT Services Application of the LWT platform for open-hole formation evaluation during drilling campaigns, intended to materially improve drilling efficiency and data quality versus traditional wireline.
- Workover LWT Services LWT logging service applied to workover operations on existing wells to obtain formation evaluation data and inform productivity and intervention decisions.
- Rigless Intervention LWT Services LWT logging service used during rigless intervention operations, enabling open-hole data acquisition without dedicated drilling rig deployment.
- Data Processing & Interpretation Services Post-acquisition interpretive service that converts LWT log data into actionable reservoir insights for operators, supporting completion, workover, and reservoir decisions.
- Petrophysics Services Range of interpretive petrophysical services designed to illustrate decision-making formation and reservoir information derived from LWT-acquired open-hole data.
Quantifiable outcome
- Over 500 wells logged successfully in Canadian market (2010-2015)
- +2 more outcomes
Companies that use Cordax Evaluation Technologies
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles2 records
Cordax Evaluation Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Cordax Evaluation Technologies partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered major, core and supporting.
- WeatherfordmajorCordax completed a Logging While Tripping (LWT) 'Log-Off' operation with Weatherford for a major Canadian client in November 2025, demonstrating commercial collaboration between the two companies.
- BakerHughescoreBakerHughes is listed as a business partner, indicating a commercial relationship in the formation evaluation services market.
- VincocoreVinco (vincoenergy.com) is listed as a business partner, providing local market presence and distribution for LWT services.
- IonoscoreIonos (ionosdirectional.com) is listed as a business partner, providing directional drilling integration for LWT operations.
- NoHiddenPaysupportingTechnology partner providing payment or transaction solutions for LWT service delivery.
- AntaressupportingAntares (antares-geo.de) is a technology partner with world-class knowledge in their field, likely providing geo-spatial or downhole positioning solutions.
- FusionelesupportingFusionele is listed as a technology partner, providing specialized technology integration for LWT applications.
- GeneralDownholesupportingGeneralDownhole is a technology partner providing downhole drilling tools that facilitate LWT in unique applications.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Cordax Evaluation Technologies competitors and assessment
Company assessmentBroad incumbents
- SLB (formerly Schlumberger): World's largest oilfield services company with a market-leading wireline open-hole logging portfolio and extensive global infrastructure. Directly comparable as the dominant incumbent in the formation evaluation space where Cordax competes with its LWT platform.
- Halliburton: Major oilfield services company offering wireline logging, drilling, and evaluation services through its Landmark and Halliburton Logging Services lines. Comparable to Cordax as a direct competitor in open-hole formation evaluation, with vastly larger scale.
- Baker Hughes: Global oilfield services and industrial energy technology company with a comprehensive logging-while-drilling and wireline portfolio. Comparable to Cordax in formation evaluation services; also a listed Cordax channel partner, illustrating the overlap.
Direct peers
- Weatherford International: Oilfield services company offering open-hole logging, drilling, and completions services globally. Comparable to Cordax as a direct competitor and current commercial partner (joint Log-Off operation in 2025), with overlapping customer accounts in Canada and the Middle East.
- Expro Group: Provider of energy services to the global oil and gas industry with expertise in well construction, well flow management, and well intervention and integrity. Comparable to Cordax as a specialized well services peer with overlapping open-hole logging and intervention capabilities.
- Pioneer Energy Services: Oilfield services provider offering drilling and wellsite services including formation evaluation and downhole tools. Comparable to Cordax in the open-hole logging space, serving similar upstream customers.
- Scientific Drilling International: Provider of directional drilling, measurement-while-drilling, and downhole technology solutions for the oil and gas industry. Comparable to Cordax as a niche peer in downhole measurement and wellbore services, though more focused on directional drilling than logging.
- Gyrodata: Specialized provider of wellbore surveying, directional drilling, and downhole measurement services. Comparable to Cordax as a niche, technology-led oilfield services peer with overlapping wellbore positioning and evaluation offerings.
- Welltec: Global provider of well intervention and conveyance technology services to the oil and gas industry, including robotic downhole tools. Comparable to Cordax as a peer in advanced downhole well intervention and logging with proprietary technology.
- Probe Holdings: Provider of cased-hole and open-hole logging, perforating, and wellsite services to the oil and gas industry. Comparable to Cordax in open-hole and cased-hole formation evaluation services, serving similar E&P customers.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Cordax Evaluation Technologies social profiles
Digital presenceCordax Evaluation Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cordax Evaluation Technologies leadership team
Management profileNumber of profiles
Profiles8 records
Cordax Evaluation Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cordax Evaluation Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cordax Evaluation Technologies
What does Cordax Evaluation Technologies do?
Cordax Evaluation Technologies provides proprietary Logging While Tripping (LWT) open-hole well logging services to oil and gas operators worldwide. Its LWT platform acquires formation evaluation data during pipe-trip operations, eliminating the need for separate wireline interventions and reducing operational risk, radioactive-source exposure, and extra rig time. The service is delivered across drilling, workover, and rigless intervention campaigns and is supported by petrophysical interpretation to convert raw log data into reservoir decisions.
Is Cordax Evaluation Technologies a public or private company?
Cordax Evaluation Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cordax Evaluation Technologies founded?
Cordax Evaluation Technologies was founded in 2015. It employs 101 to 250 people.
Where is Cordax Evaluation Technologies based?
Cordax Evaluation Technologies is headquartered in Calgary, Canada, in the North America region.
How does Cordax Evaluation Technologies make money?
One revenue line is on record: LWT Logging Services.
Who are Cordax Evaluation Technologies's main competitors?
Broad incumbents on record are SLB (formerly Schlumberger), Halliburton and Baker Hughes. Direct peers are Weatherford International, Expro Group, Pioneer Energy Services, Scientific Drilling International, Gyrodata, Welltec and Probe Holdings.
Does Cordax Evaluation Technologies have an API?
No public API is recorded for Cordax Evaluation Technologies.
What industry is Cordax Evaluation Technologies in?
Cordax Evaluation Technologies's product category is Oilfield Well Logging Services. Its primary akta.pro industry code is EUALABAB, Directional Drilling & MWD/LWD Services. Its NAICS code is 213 and its SIC code is 1389.