Strong Brent prices helped the Argentinian firm post a quarterly profit
YPF targets Vaca Muerta upsurge
In the wake of positive financials, the Argentinian operator is lifting capex spend and is bullish on barrels
Shale production from the Vaca Muerta basin is rapidly offsetting dwindling conventional output in Argentinian state oil company YPF’s portfolio and is primed for strong growth heading into 2022. The company achieved record shale output of 61,000bl/d in October, having increased supply by 38pc across Q3 compared with the previous quarter. “Shale production in Vaca Muerta is absolutely essential for YPF to offset the decline in conventional production, which is expected to run at a 10pc rate,” says Ezequiel Fernandez, equity and credit research director at Argentinian investment bank Balanz Capital. “We expect shale oil production next year to grow [by] 40pc, provided the pricing environment
Also in this section
11 March 2026
De la Rey Venter, CEO of LNG player MidOcean Energy, discusses strategy, project developments and the prospects for the LNG market
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
