How Shale Producers Can Deliver Oil and Gas for the Future

Because oil and gas will still be part of the energy mix, executives said it also makes sense to incentivize lower-carbon basins like the Bakken.

How Shale Producers Can Deliver Oil and Gas for the Future

Supplying those hydrocarbons will require “ongoing and significant investment,” Richard Lynch, senior vice president for technology and services for Hess Corp., said, noting that Hess has increased its own investment in the Bakken by contracting a fourth rig for its acreage. (Source: Shutterstock.com, Hart Energy)

HOUSTON—As the world focuses on achieving net-zero emissions, the reality is that hydrocarbons will continue to make up a significant portion of the energy mix.

In order to continue supplying energy, the oil and gas industry needs to make “significant and ongoing investments” in projects and focus on technological innovation to reduce emissions, executives told a plenary session audience at the Unconventional Resources Technology Conference on June 20.

Addressing climate change alongside meeting the projected increasing energy needs of the world are dual challenges the industry faces, said Richard Lynch, senior vice president for technology and services for Hess Corp.

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Jennifer Pallanich

Jennifer Pallanich is Hart Energy's senior editor for technology. She has reported on the technology that fuels oil patch exploration, development and production for more than two decades.