• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 hours The United States produced more crude oil than any nation, at any time.
  • 1 day China deletes leaked stats showing plunging birth rate for 2023
  • 9 hours The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Bad news for e-cars keeps coming
Texas is Leading U.S. GDP Growth, Fueled by Oil and Energy

Texas is Leading U.S. GDP Growth, Fueled by Oil and Energy

The Southwest and Southeast outpaced…

U.S. Automakers Race to Offset the Rise in Copper Prices

U.S. Automakers Race to Offset the Rise in Copper Prices

High copper prices pose significant…

YPF Seeks to Quadruple Its Value by Boosting Vaca Muerta Shale

Argentina’s oil and gas firm YPF SA targets to boost its market capitalization fourfold over the next four years, betting on growing its production from the key Vaca Muerta shale play, Reuters reports, citing a source at the Argentinian state company.

Vaca Muerta—Spanish for ‘dead cow’—has been dubbed the Argentinian Permian, although its geologic properties have been compared more appropriately to the Eagle Ford.

The Vaca Muerta shale play is estimated to hold recoverable resources consisting of 16 billion barrels of oil and 308 trillion cubic feet of natural gas. Those numbers make the Vaca Muerta the world’s second-largest shale gas deposit.  

YPF wants to capitalize on the rise in output at Vaca Muerta and eventually trim down its portfolio of conventional oil and gas assets, according to the Reuters source, who participates in decision-making at the Argentinian state energy company.

“In the medium term, we’re going to focus on the divestment of conventional assets,” the source told Reuters.

Vaca Muerta posted record oil and gas production last year, reaching 354,156 barrels per day (bpd) of output in October, and then breaking that record in December when production exceeded 380,000 barrels per day.

Higher natural gas output from Vaca Muerta could allow Argentina to export natural gas.

In July last year, Argentina inaugurated a natural gas pipeline from Vaca Muerta to a town in the Buenos Aires province, as part of its efforts to become energy independent and stop paying billions of dollars for LNG imports.

The pipeline will supply industrial and household gas demand at competitive prices while saving Argentina $4.2 billion worth of gas import bills per year, former president Alberto Fernández said at the time.

Argentina’s new president, Javier Milei, is said to have been forced to make concessions in his radical market reform package, shelving plans to privatize YPF, Bloomberg reported last month.  


By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News