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Despite the growing supply from alternative energy sources, we will still rely on fossil fuels for most of our energy needs in 2050. Over the past decade, UOG development has dramatically increased US production of oil and natural gas. Based on the EIA’s 2018 Annual Energy Outlook, these trends are expected to continue through 2050 when UOG resources are projected to contribute 70.1% of total U.S. oil production and 76.1% of total U.S. natural gas production. UOG development became possible and profitable due to technological advancements in extended-lateral horizontal drilling and multistage high-volume hydraulic fracturing. However, UOG developments are extremely cost sensitive and marginally economical in many instances. The recovery efficiency of UOG is despairingly low, perhaps 20% in gas-rich shale reservoirs and less than 10% in liquid-rich plays. The reasons for the lack of economics in many UOG resources are due to the heterogeneity of the reservoir rock, petroleum fluids characteristics, cost of well construction, and how hydraulic fracturing is performed. Due to the lack of knowledge, information, technological and economical limitations, the full potential of US UOG resources has yet to be realized. Technology advancements to recover UOG resources are critical in maintaining future US oil and gas production levels.


