Part 8/12:
Looking ahead, Wirth identifies artificial intelligence as a critical driver of future growth. AI and advanced data collection tools, such as fiber optic sensors, are revolutionizing oil extraction. These innovations allow for more efficient recovery of hydrocarbons—currently only about 10% of underground resources make it to the well bore—by tweaking fracturing parameters and optimizing well performance in real-time. This technological frontier promises to unlock a significant portion of the remaining resources, fueling future expansion.