For more than a century, success in the oil and gas industry has relied on new technology; bright, innovative people, and access to geologic areas that hold promise of hydrocarbons. In the next century, that will not change. However, the challenge to develop that technology, find the people, and secure access will be greater than ever.

The need for new technology is obvious. As the industry moves further afield and into more complex plays, our ability to extract the hydrocarbons is heavily dependent on technological and scientific advances.

Future success in the industry also will depend—perhaps equally—on two other key...

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