Technology
Chief Oil & Gas develops natural gas from shale gas plays in the United States. Advances in the technology of 3-D seismic imaging, drilling and completion technology, including hydraulic fracturing techniques has enabled Chief to produce gas from the low permeability Barnett Shale and Marcellus Shale that otherwise would not be economically feasible.
Technology has also helped Chief reduce the size of the footprint on the environment. The size of a drill site today has been reduced significantly compared to 50 years ago. Horizontal drilling has made a significant contribution to reducing the company's footprint on the environment. Horizontal drilling technology enables operators to reach their target site and avoid environmentally difficult areas. It also allows multiple wells to be drilled from the same pad site which not only reduces the environmental impact, but the cost to drill.
In September 2008, Chief unveiled a first of its kind drilling rig designed specifically for drilling horizontal wells in the rugged terrain of the Marcellus shale. The 1,600-horsepower rig is quieter, gives off fewer emissions, is safer to operate and can be broken down and carted off quickly.
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Famous quotes containing the word technology:
“Radio put technology into storytelling and made it sick. TV killed it. Then you were locked into somebody else’s sighting of that story. You no longer had the benefit of making that picture for yourself, using your imagination. Storytelling brings back that humanness that we have lost with TV. You talk to children and they don’t hear you. They are television addicts. Mamas bring them home from the hospital and drag them up in front of the set and the great stare-out begins.”
—Jackie Torrence (b. 1944)
“Technology is not an image of the world but a way of operating on reality. The nihilism of technology lies not only in the fact that it is the most perfect expression of the will to power ... but also in the fact that it lacks meaning.”
—Octavio Paz (b. 1914)
“Our technology forces us to live mythically, but we continue to think fragmentarily, and on single, separate planes.”
—Marshall McLuhan (1911–1980)