Mid-sized upstream oil and gas companies often make relatively low investments in technology development and lack the leverage over service and equipment companies that is held by the larger E&P companies. In this viewpoint, Arthur D. Little describes the results of a review in which it found that those mid-sized E&P companies with more proactive approaches to the adoption of technologies and stronger technology management processes generally seemed to yield better overall business performance expressed in both cost and resource replacement terms. This suggests that improving technology strategies can bring substantial benefits to the business performance of mid-sized E&P companies.