| | MARCH 201919CIOReviewIn less than a decade, our country has moved from a position of energy scarcity to one of energy abundance. The U.S. shale plays have forever changed the energy landscape here at home and around the world, driven by the innovation of independent exploration and production (E&P) companies.Those of us who work in this industry are proud to be part of this amazing U.S. energy renaissance. We're optimistic about how our industry continues to develop technologies that make our business more efficient, find more oil and gas, and produce it safely and at a low cost. At Marathon Oil, we look at technology and innovation as integral elements for how we will compete to be the premier E&P. Being able to think differently and act differently will drive our performance. It is the quest to find creative solutions that can really make a step change in our business. To ask and answer those questions that look forward. Over the years, innovation in our industry has been heavily focused on the subsurface. As a result, the industry has greatly improved how geologists interpret what is going on below the surface. That is all very necessary, but we also have to think about innovation in digital technology in concert with our traditional subsurface focus. How can we creatively leverage the large data sets we have in our companies to solve new--or old­problems?It's common and comfortable to use data for historical purposes. Asking: What was our production? What were our economics for this well? That is all backward looking.We should also be using data for making reliable predictions. Asking: Where is the best USING DATA TO LOOK FORWARD WITH PREDICTIVE INSIGHTS By Bruce McCullough, SVP, Technology & Innovation, and CIO, Marathon OilBruce McCullough
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