gas liquids (NGLs) are at multi-decade highs and have passed 10 million barrels of  liquids production per day. These totals surpass the daily production of Saudi Arabia  and are second only to Russia. Production of natural gas, bolstered by producing  horizontal wells, is also at an all-time high. This timing is fortunate because U.S.  energy demand is at a five-year high. At year’s end, Core’s mar- ket capitalization exceeded  $8.5 billion, after touching  $9 billion months earlier.  Core Laboratories is playing an active and important role in furthering the “Energy  Industry Renaissance: The Horizontal Well,” the title of this year’s Annual Report, by  providing cutting-edge technologies that optimize daily hydrocarbon production and  maximize total hydrocarbon recovery rates over the life of the well. For Core’s Reservoir Description operations, hundreds of thousands of feet of shale  reservoir rock have been cored, and thousands of reservoir fluid samples — the oil,  natural gas, NGLs, and water — have been collected. Core analyzes the rocks and  fluids to determine reservoir quality and the best locations for the horizontal well- bores and frac stages. The Company’s Production Enhancement operations have introduced mission-critical  technologies to ensure maximum flow and hydrocarbon recovery rates. These new  technologies include the FlowProfiler ™  service, the Kodiak ™  perforating system, and  Zero-180 ™  orienting systems, among others. Core’s Reservoir Management operations have conducted detailed studies of uncon- ventional tight-oil shale reservoirs around the globe. These regional studies have  been used to locate “sweet spots,” where the most profitable developments can be  realized. Reservoir Management has assembled the largest data sets (“Big Data”)  in the world for unconventional reservoirs. The Big Data is stored on Core’s secure  internal computer cloud, which can be accessed by our worldwide clients for further  development of their unconventional holdings. As unconventional plays begin to be developed outside North America, Core will  deliver the experience and proven technologies to help our clients become even  more successful. Core Laboratories will play a critical role in unconventional reservoir  technology for decades to come. Consequently, our shareholders will continue to  be rewarded. 