PEMEX has plans to utilize Chimera Energy Corp’s waterless fracking system in three wells in Mexico.
Chimera’s Non-Hydraulic Extraction system is a Shale Oil extraction technology designed to safely and economically replace hydraulic without negative environmental impacts. The new process eliminates the use of water and also does not use steam, LPG gel, natural gas, or the pumping of anything hot into the well.
PEMEX, also known as Petroleos Mexicanos, has been working with Chimera Energy Corp to utilize the method throughout Latin America. The Chicontepec Basin is considered Mexico’s largest certified hydrocarbon reserve, totaling more than 139 billion barrels of oil.
Non-Hydraulic Extraction has recently emerged and is described by some as a cheaper and more effective extraction method that does not affect groundwater at all.
Chimera Energy Corp is in the process of reengineering this new method for mass production, relicensing and sales. For a description of how Non-Hydraulic Shale Oil Extraction works, read the story about Chimera Energy’s waterless fracking system on ShaleStuff.com’s Aug. 26 story or visit www.zerowaterfracking.com.