The
Texas-based
start-up
said
its
technology
uses
no
water
but
rather
heat
to
open
up
hard-to-reach
oil
and
gas
reservoirs,
an
approach
which
it
claims
will
avoid
adverse
environmental
impacts.
Water
supplies,
as
well
as
contamination
fears,
have
been
a
major
concern
by
companies
and
environmentalists
during
the
expansion
of
horizontal
drilling
in
North
America.
The
"memorandum
of
understanding"
applies
to
the
use
of
the
technology
throughout
Latin
America,
according
to
Chimera.
The
Mexican
state-controlled
firm
has
sought
to
develop
horizontal
drilling,
in
particular
the
section
of
the
oil-rich
Eagle
Ford
shale…
