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The marketplace votes with its pocketbook. Although no forecast is perfect, there’s a heavy favorite—and it’s gas. The large-scale commercialization of hydraulic fracturing and other unconventional oil and gas technologies has brought about an energy revolution in North America. Unprecedented advances in unconventional gas technologies have increased the size of the available gas resource and reduced the cost of bringing it to market. Improvements in completion technology, efficiency of frac placement, microseismic technology, fluid chemistry and water management have combined to create an industry in the U.S. that meets a growing demand for clean energy. It does this at reduced cost with a reduced footprint while putting people to work.
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