Commercial Use
First commercial use of SFD was in a joint venture between directors of Owl Industries and a VSE listed company Grand America Minerals (GDM) between 1993 and 1994. A number of wells were drilled with mixed results. As a result of a dispute between various parties involved in that joint venture, GDM was delisted and from that point development of SFD followed at least two separate paths.
Over the years Pinnacle Oil used the technology in joint drilling programs with various industry partners including Calpine Canada, Renaissance Energy Ltd. and Encal Energy Ltd. Independently from Pinnacle Oil, in 2001 Spectrum Oil of Bakersfield CA used the SFD technology in its exploration program. More recently, multiple surveys have been performed in South America, most notably by Pacific Rubiales Energy in Colombia who acquired "1,771 km of stress field detector" data in 2009. Additional SFD surveys continued in Colombia, Argentina, and Guatemala in early 2012.
Read more about this topic: Stress Field Detector
Famous quotes containing the word commercial:
“There is every reason to rejoice with those self-styled prophets of commercial disaster, those harbingers of gloom,
Over the imminent lateness of the denouement that, advancing slowly, never arrives,
At the same time keeping the door open to a tongue-in-cheek attitude on the part of the perpetrators....”
—John Ashbery (b. 1927)
“It is only by not paying one’s bills that one can hope to live in the memory of the commercial classes.”
—Oscar Wilde (1854–1900)