International global potential growing, but development lagging ///

Oil and gas operators throughout the world are exploring for shale plays with the same fervor by which astronomers are scanning the universe for signs of life. If there’s life on Earth, shouldn’t there be life on some of the billions of planets out there? Applying the same logic, where are the Bakkens and Eagle Fords in the rest of the world? There is sustained shale activity in Australia and Argentina, and early assessments in China and India. While France stubbornly clings to its ban on fracing, England seems to be gaining momentum to take a serious look at its shale resources. Yet none of the international operators have yet “cracked the code,” as did Mitchell Energy in the Barnett, and Range Resources in the Marcellus. Here’s a status report on current activity in some of the leading shale plays in the international arena.

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