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One in Five Global Shale Basins May Succeed, Wood Mackenzie Says

Only one in five global shale regions may succeed in producing significant amounts of oil and gas as countries from China to Argentina seek to emulate the U.S. boom, said energy consultants Wood Mackenzie Ltd.

Argentina is leading the pack, with plans to drill about 200 shale wells this year, more than three times the number in China, Andrew Latham, Wood Mackenzie’s vice president for exploration research, said in an interview in Perth, Western Australia, where he’s attending an industry conference.