• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 9 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 16 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 2 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 2 hours Venezuela set to raise gasoline prices to international levels.
  • 14 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Starvation, horror in Venezuela
  • 5 mins Renewable Energy Could "Effectively Be Free" by 2030
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 1 hour Are Trump's steel tariffs working? Seems they are!
  • 24 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 16 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 8 hours Corporations Are Buying More Renewables Than Ever
Alt Text

The Key Oil Price Driver By 2020

Middle distillates such as jet…

Alt Text

Can China Afford To Slap Tariffs On U.S. Oil?

China’s latest round of tariffs…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Shale Oil and Natural Gas Resources to be Developed in Argentina

Exxon Mobil Corp, the largest U.S. oil company, will spend up to $76.3 million to explore and develop shale oil and natural gas in Argentina’s Neuquén basin in collaboration with Canadian Calgary-based Americas Petrogas Inc.

Americas Petrogas told reporters that ExxonMobil has signed a subcontracting agreement for 255 square miles of exploration blocks in Los Toldos, in the western region of the Neuquén Basin.

According to Exxon spokesman Patrick McGinn, the Irving, Texas-based company will have more than 310,000 net acres in the Neuquén Basin as a result of its contract with Americas Petrogas.

Guimar Vaca Coca, managing director for Americas Petrogas in Argentina said, “We believe the next major shale development outside of North America will be in the Neuquén Basin,” El Cronista newspaper reported.

Americas Petrogas plans to drill a well in the fourth quarter at its blocs in the Neuquén basin, focusing on the Vaca Muerta formation. The U.S. Energy Information Administration estimates that the Vaca Muerta formation could hold as much as 240 trillion cubic feet of recoverable natural gas. According to Americas Petrogas, Vaca Muerta has geological characteristics similar to reservoirs such as the Eagle Ford and Haynesville formations in North America.

By. Charles Kennedy, Deputy Editor OilPrice.com




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News