United States

Rising to the Challenges of the Unconventional Discontinuity

Jul 17, 2014
From the Global Energy Institute

An industry discontinuity has been unleashed through the combination of horizontal drilling with advances in well fracturing and completion techniques, creating a new asset class commonly referred to as Unconventional -- extracting gas and light tight oil (LTO) from shale source rock.

This discontinuity has had substantial impacts on North American gas and oil prices, as well as on market participants across the value chain. The transformational impact on exploration and production (E&P) companies has yet to fully play out -- a shake-out has already occurred and new winners have the opportunity to emerge.

Critical capabilities that meet the specific requirements of Unconventional participation are emerging, though it will take a rigorous integration from strategy through to execution to win. 

Read Rising to the Challenges of the Unconventional Discontinuity