Is Argentina’s Shale Boom Finally Taking Off?

After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports of light crude oil and liquefied natural gas (LNG) from the resource-rich formation. Apart from Argentina’s oil and gas group YPF, international oil and gas majors including Exxon, Chevron, Shell, and Total hold acreage positions in Vaca Muerta and have recently announced plans to proceed with major development projects in the most promising shale…