Oil experts say the Vaca Muerta is probably just a start for Argentina, long a middle-ranked oil producer. Mr. Lynch noted that YPF had explored only 100 square miles out of 5,000 square miles in the
Oil experts say the Vaca Muerta is probably just a start for Argentina, long a middle-ranked oil producer. Mr. Lynch noted that YPF had explored only 100 square miles out of 5,000 square miles in the whole shale deposit, and other oil companies working in the area had not announced any discoveries yet.
So far, nearly all of the oil exploration in the shale fields in Argentina and elsewhere has been pursued with traditional vertical wells. Plans are just beginning for horizontal drilling.
Some experts caution that the fast advance of oil production from shale in the United States is no guarantee of similar successes abroad, at least not in the near future.
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