Brandon started a company in Berlin, Pennsylvania that specializes in a new kind of drilling technology.
Odum, president of Shell Oil, argued that new drilling technology and industry standard-setting would allay these concerns.
Thankfully, drilling technology and practices have improved substantially in the last 30 years, sharply reducing the possibility of spills.
Iranian news sources reported in 2008 that Iran had acquired directional drilling technology.
McMoRan has run a drilling program for about five years now that has challenged the leading edge of drilling technology.
This supply glut is likely to continue for years as new drilling technology is applied to fields that were formerly uneconomic to produce.
Advanced horizontal drilling technology also produces positive results for the environment.
There are more than 22 shale basins in 20 states, he says, and with recent improvements in drilling technology, those basins are more accessible than ever.
It is exploring at the edges of drilling technology with the skills and knowledge that BP wished it had when it lost control of Macondo.
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Focusing on high-margin drilling technology and tools, Duroc-Danner spun off the drill-pipe business as Grant Prideco in 2000 and sold off capital-intensive barge rig and gas-compression businesses.
This is a combination of sophisticated steerable drilling technology using modern micro-seismic imaging and advanced material sciences, to create webs of minuscule cracks in shale and release abundant trapped natural gas.
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The U.S. Energy Information Administration estimates that China's shale formations hold 1, 275 trillion cubic feet of gas that can be extracted using current drilling technology, or more than the recoverable reserves in the U.S. and Canada combined.
Focusing on high-margin drilling technology and tools, Duroc-Danner spun off the drill-pipe business as Grant Prideco (nyse: GRP - news - people ) in 2000 and sold off capital-intensive barge rig and gas-compression businesses.
Simmons favors shares of the technology and drilling providers needed to poke wells in smaller, tougher fields.
But some petroleum industry experts maintain the technology for drilling deepwater wells is safe.
Mr. O'CONNOR: The ICP technology involves drilling holes--vertical holes into the ground and inserting long electric heaters, which then gradually heat the rock over a long period of time, and over a long period of time--by that, I mean two or three or more years.
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There could be potential 8% upside to the Trefis price estimate for Anadarko if it successfully increases its natural gas production to about 1, 400 billion cubic feet per year by 2017 which seems achievable given the advances in horizontal drilling and improvements in technology which has been key in increasing the size and productivity in recoverable resources.
With new technology permitting oil drilling under 6, 000 feet of water, Petrobras discovered a huge field off the coast of Brazil under layers of salt.
Mitch McConnell said something very nice in the meeting about how he supports our goals on nuclear energy and clean coal technology and more drilling to increase oil production.
New technology allowed offshore drilling to be conducted off the coasts Britain, Norway, and the United States, in addition to the tapping of the tar sands of Alberta and Mexico.
While shale gas has hurt the economics for UCG in the US, it has also led to improvements in seismic technology and horizontal drilling that may vastly improve the economics in the long term.
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It promotes efficiency with advanced technology such as horizontal drilling.
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Gains have been driven by new technology (fracking and horizontal drilling) and high prices.
But by accounting for further development, continual technology advances such as horizontal drilling and supportive prices, the U.S. Geological Survey calculates that 86% of total U.S. proven reserves are additions to original numbers.
Fracking is a vital contributor to the recent renaissance in the U.S. oil and natural gas supply picture, as it is the technology, along with horizontal drilling, that makes producing oil and natural gas from very tight shale rock formations possible.
Some states require natural-gas companies use technology to capture gas during the construction and drilling of wells.
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As the administration looks at the causes of this, would you support having a pause in new deepwater oil drilling, so that oil companies can prove they have the technology and the ability to control and prevent these types of spills?
The energy boom is creating thousands of jobs related to drilling but also in downstream industries such as transportation, high-technology, construction and manufacturing.
But once again technology came to the rescue, with hydraulic fracturing and breakthroughs in oil drilling.
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