The current era of unconventionals reflects the industry's opportunistic development mode, with the increasing focus on cash flow overgrowth. The journey started more than 15 years ago with technology that enabled the production and development of reservoirs once thought unrecoverable. Reserve was king and capital was easy to access. It has been a steep learning curve for the industry while growing production from 5 MM barrels per day to about 13 MM barrels per day and drilling about 200,000 horizontal wells across several basins. As technology and knowledge improved over the years, the definition of risk and opportunity in each unconventional play has undergone various phases.