The recent surge in unconventional oil and natural gas production in the United States (US) has been called a "Revolution". Unlocking of massive unconventional reserves in the US is the biggest game changer in recent years. The US is now the number one unconventional oil and gas producer in the world. US together with Canada now accounts for more than twenty-five percent (25%) of global natural gas production. Shale gas will play an ever-increasing role in this resource base and per Energy Information Administration (EIA) is projected to increase to almost half of total US gas production by 2040. Per EIA, US tight oil production will continue to grow till 2020 and is projected to reach almost half of total US oil production. Influenced by the US success, the global unconventional play exploration activities have been active and also increased. This revolution has re-shaped and will continue to shape the energy resource picture for the entire world. For instance, in the US unconventional play investment has also led to resurgence of domestic manufacturing. Though onshore unconventional play development has very different development style (faster pace, cost sensitive, high number of well count, urban planning, etc.) from deepwater development (much higher cost and related risks, fewer wells, long project time, technology intensive, etc.), they have started and will continuously compete in talent recourses, investment flow, and technology supplies, etc. This panel will discuss supply projections and overlays it with market drivers to portray value proposition. It will compare and contrast unconventional plays and deepwater from a full life cycle of exploration to operations. It will discuss implication of regulations and policy. It then will summarize and identify areas of discussion and viewpoints from its panelists.