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The Future of Oil and Natural Gas

Featuring: Tim Dove, Former CEO, Pioneer Natural Resources. Moderated by: Michael Greenstone, director of EPIC and Milton Friedman Distinguished Service Professor in Economics

Hydraulic fracturing is perhaps the most important innovation in the energy system in the last half century. Thanks to fracking, U.S. production of oil and natural gas has increased dramatically, leading it to become a major oil exporter for the first time in decades and reshaping the geopolitics of energy. Rising production has also led to both falling energy prices and falling emissions, as natural gas displaces coal in electricity generation.

While most Americans are familiar with the names of major oil companies, it was lesser known independent companies that unleashed the shale revolution. The industry, however, may be on the cusp of change. After missing out on the initial boom, several major oil companies have begun investing in unconventional resources, bringing new competition to the independent companies that have developed most shale to date. At the same time, fossil fuels are facing mounting pressure from climate change policy globally.

What does the future hold for the oil and gas industry broadly and independent shale producers in particular? What are the most important variables driving business decisions? How are producers at home and abroad adapting to this rapidly changing landscape? Join EPIC Director Michael Greenstone in a conversation with a leader in the oil and natural gas exploration industry, Tim Dove, the former CEO of Pioneer Natural Resources.

This event is part of UChicago Innovation Fest 2019, a month-long celebration of pioneering discovery and entrepreneurial endeavors at the University of Chicago. Led by the Polsky Center for Entrepreneurship and Innovation, the series of events, workshops and accelerator programs, including the globally recognized Edward L. Kaplan, ’71, New Venture Challenge, highlights the breadth and impact of innovation at UChicago in the areas of entrepreneurship and research commercialization, scientific advancements, and social and global impact.The Fest will take place May 1-June 9, 2019. For more information, visit

Event Date: May 22, 2019 5:30 PM to 7:00 PM

Location: Saieh Hall For Economics, Room 146, 5757 South University Avenue Chicago, IL 60637

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