QualityStocks would like to highlight Chimera Energy Corporation has (OTCBB: CHMR), with a multi-faceted focus in the energy exploration sector. The company primarily acquires and develops what management believes is the most lucrative technology, concentrating on producing maximum shareholder value. Chimera is headquartered in the energy capital of Houston, Texas, and functions internationally with a concentration in developing technology for the shale oil industry, specifically for the Bakken Formation, Marcellus Formation, and other domestic shale locations.
In the company’s news yesterday,
Chimera Energy announced a purchase order with America West Drilling Supply, for the company’s revolutionary new, all-weather, non-pollutive fracking alternative, covering a key component known as the casing perforator.
This non-hydraulic extraction method developed by the company in China can handle extraction in areas too cold for fracking (due to the required water freezing), yet retains a comparable 65% production increase (if not better than fracking in some cases) and does so with zero impact to ground water quality, the major environmental concern in fracking operations. Using extreme heat produced by oxide exothermic reactions and ultra expansive evaporates, the same seam-splitting capabilities delivered by established fracking technologies is now possible without all the toxic chemicals (many of which are carcinogens) that eventually can end up in the water table.
The actual process works a lot like an ultra high-temp pressure cooker and the pumice-like material then acts as a kind of stent, keeping the fissures open for flow. The casing perforator is an essential part of the overall system and as CHMR moves towards a public showcasing of the new technology, as well as mass production, relicensing, and eventual sales, the system placed into service using the announced perforator will serve to springboard that patenting process handsomely. Chimera has an insanely powerful system here that could transform the face of the global shale boom and investors are paying close attention as the company is clearly in a position to shave a considerable slice off the huge pie currently dominated by other sector operators like Halliburton and Schlumberger.
It shouldn’t be hard to take a big slice either; this technology has the potential to deliver the same productivity while alleviating the growing concern from the public and governments about drinking water contamination linked to hydraulic fracturing. The technology will give early adopters a considerable momentum advantage on the permitting side and immediate logistical advantage due to improved efficiency.
Chimera has taken care to select a specific perforator for the system which, because it is pneumatically operated and does not require water or toxic chemicals to perform (in addition to blasting or ballistics), accentuates the already environmentally friendly design quite well. As one of the fundamental pieces falls into place for the CHMR design, shareholders and management alike are growing increasingly excited about the true commercialization potential of the system, as an eager market which is in full swing is practically aching for just this kind of solution. Non-hydraulic extraction is cheaper, cleaner, and can even be more effective than fracking, thus the clamor from operators, especially those in cold climates where the technology is like a godsend, will be significant.
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