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Montevideo, March 29th 2023 - 16:55 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, – 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.