Argentina's Shale Oil Boom
This is a Argentina news story, published by Yahoo Finance, that relates primarily to Vaca Muerta news.
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largest shale gas reservesReuters
•In Argentina's Vaca Muerta shale lands, it's drill, baby, drill!
76% Informative
Fracking wells are being drilled at record pace in Argentina 's Patagonian south, home to the giant Vaca Muerta shale formation.
The area holds the world's second largest shale gas reserves and fourth for shale oil.
Argentina 's embattled government is pushing oil and gas exports to bring in needed foreign currency.
Investors are more than ready to welcome a new source of oil and LNG at a time of conflict in the oil-rich Middle East .
"You have to build pipelines, liquefy it, transport it, compete with the United States . It is a long-term project." (Reporting by Alexander Villegas and Eliana Raszewski ; Writing by Adam Jourdan ; Editing by David Gregorio ).
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