Takeaway - expect shifting landscape and limiting capital for the next 3 years. Reasons being:

1) Binge on leasing and flipping is over. Consolidation is happening.
2) Focus on returns and cash flows. Running a business for the long haul (vs. transacting in and out).

So the Panel's exchanges on:

a) Minimize frac hits (interference) - combine analytics and in-situ experiments, pave the way to reduction of plugs with diverting agents, eventually lead to potential savings of $ 450,000 to 740,000 per well (plus min. well shut-in time).

b) Smart artificial lift - again using edge computing / sensors automation to modulate compressors that boost utilization (up from 77% to 90+) and savings 5%.

c) Enhance production - from wetability analytics and ML to optimize salinity in the reservoir, possibility low-cost low-risk and get instant boost in flow rate.

d) EOR with huff n puff - early in the experimental / POC stage. Can rejuvenate mature assets (e.g., Eagle Ford) as another step toward boosting recovery rate. That may actually move the needle.

All and all they highlight "thinking outside the box (single disciplines)" and "embracing analytics".

Tally up and we may just capture another 20-40% savings (or returns boost) doing a, b and c!

Caveat - not all wells will behave the same. Geology matters!

So we compound knowledge growth by learning with machine (and beat ML alone).