The world has been “running out of oil” since at least the 1880s. Luckily, intrepid explorers tend to ignore the pundits and find more oil anyway. Now they are having to push into harsher environments like the Arctic and deep water and to chase new sources of hydrocarbons like shale plays and coalbed methane. Often these resources are in areas without sufficient infrastructure or in countries that are not used to having an oil and gas industry in their backyards. Despite these challenges, the quest for new plays continues. Highlighted here are four emerging plays with potential to become significant sources of new hydrocarbons.
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