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MercoPress, en Español

Montevideo, April 18th 2024 - 23:21 UTC

Tag: Argentina Shale

  • Thursday, August 27th 2020 - 09:09 UTC

    Is Argentina’s Shale Too Expensive To Drill?

    State-controlled YPF, Argentina's top producer, has said it has 71 shale oil wells and 10 shale gas wells in Neuquen that have been drilled but not completed.

    By Irina Slav, Oilprice.com – It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas reserves of 308 trillion cubic meters—resources that could guarantee a country’s energy independence and turn it into a relevant international supplier of oil and gas. But only if the price is right.

  • Wednesday, March 7th 2018 - 09:30 UTC

    YPF plans shale oil and gas production to increase 35% during 2018

    Gonzalez said YPF plans to drill 100 wells in 12 different areas of Vaca Muerta, after costs for horizontal wells fell to US$1,390 per lateral foot in the fourth quarter

    Argentina’s state-owned oil company YPF SA expects shale oil and gas production to grow 35% in 2018, as costs in the Vaca Muerta shale play continue to fall, Chief Financial Officer Daniel Gonzalez said. Still, declining production in mature fields means overall hydrocarbon output will fall 2 to 3% in 2018 after a 5.3% reduction in 2017, Chairman Miguel Gutierrez said.