SPE: Industry cites unconventional resources potential

The estimated vast unconventional resources hold much promise for substantially adding to the world’s energy needs, but developing these resources entails overcoming many restraints, attendees were told Sept. 22 during the opening session of the Society of Petroleum Engineers Annual Conference & Exhibition in Denver.The speakers expected production from these resources to grow but each listed some practical barriers and limitations that may hinder development such as rising infrastructure costs and limited human capabilities.Demand forecasts are that the world will need 50% more energy in the next 25 years, creating a need to continue developing unconventional resources from tig...

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