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Vaca Muerta Shrugs Off Frac Cuts With Record Oil and Gas Gains

OilPrice · Tsvetana Paraskova · last updated
Argentina’s booming Vaca Muerta shale play isn’t immune to the decline in oil prices and company spending this year. Drilling activity is set for a near-term slowdown as foreign firms and the biggest domestic producer YPF SA are pulling out some frac crews amid lower international oil prices and a major asset reshuffle with mergers and acquisitions in recent months. But the long-term prospects of the Vaca Muerta shale resources—one of the world’s biggest—remain intact, and Argentina is looking to monetize both the…
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