South America rising

摘要

Argentina and Colombia are hot on the shale trail. Incremental changes in technology continue to be the harbinger of new hydrocarbon resources as the industry forges ahead into new frontiers. A technique used safely and reliably by the industry for decades, hydraulic fracturing, has opened up the possibility of unconventional resource development in both new and proven reservoirs across the globe. Such resources remain crucial to restocking future caches, and countries have begun assessing domestic unconventional oil and gas potential with an appraising eye on North America's success in exploiting its prolific shale plays.