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There is general agreement that the combination of horizontal drilling and multiple hydraulic fracturing has been a game-changer in the oil and gas industry. Together, these technologies have transformed the energy posture of the U.S. by reducing the price of natural gas and causing a surplus gas supply, while reducing the imported oil volume. These changes have awakened the rest of the world to the potential of their unconventional resources. Efforts are already underway to use the same technology in other countries.
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