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Montevideo, September 22nd 2018 - 21:02 UTC

Tag: Argentina Shale

  • 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.