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:
“If we had a reliable way to label our toys good and bad, it would be easy to regulate technology wisely. But we can rarely see far enough ahead to know which road leads to damnation. Whoever concerns himself with big technology, either to push it forward or to stop it, is gambling in human lives.”
—Freeman Dyson (b. 1923)
“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)
“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)