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:
“One can prove or refute anything at all with words. Soon people will perfect language technology to such an extent that they’ll be proving with mathematical precision that twice two is seven.”
—Anton Pavlovich Chekhov (1860–1904)
“If the technology cannot shoulder the entire burden of strategic change, it nevertheless can set into motion a series of dynamics that present an important challenge to imperative control and the industrial division of labor. The more blurred the distinction between what workers know and what managers know, the more fragile and pointless any traditional relationships of domination and subordination between them will become.”
—Shoshana Zuboff (b. 1951)
“The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.”
—John Kenneth Galbraith (b. 1908)