Mexican listed firm Vista Energy, Argentina's second-largest shale oil producer behind state-owned YPF, said on June 11 it will import a new fracking set to accelerate its activity in the Vaca Muerta shale formation.
Vista sealed an agreement with SLB for the new equipment expected for the second half of the year.
"A fundamental part of our drilling plan in Vaca Muerta is the incorporation of equipment with the highest technology, which allows us to be more efficient when it comes to achieving our production targets," Juan Garoby, co-founder and COO of Vista, said in a statement.
The company expects to reach an output of 85,000 boe/d by the end of this year.
Vaca Muerta, which houses the world's second-largest shale gas reserve and fourth largest for shale oil, is Argentina's hope to reverse a significant deficit in the energy trade balance and become a net energy exporter.
Vista said in February that it plans to reach 100,000 boe/d by 2026, and 150,000 boe/d by 2030.
Recommended Reading
New Fortress Makes Headway on $2.7B Debt Refinancing
2024-11-26 - New Fortress Energy Inc. anticipates raising approximately $325 million in gross proceeds through the refinancing.
Equinor Exercises Option for Three Havila Vessels
2024-11-26 - Equinor ASA uses the vessels to support its North Atlantic, North Sea platforms.
California Resources Names Crespy as Executive VP, CFO
2024-11-26 - Clio C. Crespy has worked on some of California Resources’ “most significant” projects, including the Carbon TerraVault joint venture and the direct air capture hub at Elk Hills, said CEO Francisco Leon.
Geologist James Parr Joins Ring as EVP of Exploration, Geosciences
2024-11-26 - James Parr joins Ring Energy with over 30 years of experience as a petroleum geologist and leader in multiple energy organizations.
EON Resources Postpones Annual Meeting to December
2024-11-25 - EON Resources is putting off its annual stockholders meeting in anticipation of not having a sufficient number of shares of its common stock represented by the original deadline.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.