Embracing Uncertainty: Reducing Risk by Working Together

摘要

It's trite but true: The only thing constant is change. Especially in our industry, it seems. There's always a new technology or tool to consider or a proposed regulation to ponder. Access to capital restricts and relaxes. Individual rig or well performance can vary widely. Even the location of our best prospects can confound us: North Dakota? Really? Back in 2000, nobody would have guessed that a state best known for growing soybeans, sunflowers and sugar beets would today be just behind stalwart Texas in terms of domestic oil production. Would any of us have predicted that the volume from unconventional development would be as enormous as it is?