Sunday, April 9, 2023

Argentina’s Vaca Muerta and Los Molles Shales of the Neuquén Basin: Potential to Help the Country and Global Oil and Gas Supply if Infrastructure, Equipment Availability, Supply Chains, and Financing Can Be Worked Out

 

Geology and History of the Argentinian Shale Plays and the Emergence of the Vaca Muerta

 

     Vaca Muerta means “dead cow” in Spanish. It is also the name of a rock unit, the Vaca Muerta Formation. Its age is Late Jurassic to Early Cretaceous. It is located in the Neuquén Basin in northern Patagonia, Argentina, just east of the Andes. Shale gas and oil occur in the Vaca Muerta in economic quantities. As can be seen in the figure below the oil, wet gas, and dry gas windows/fairways are fairly well defined. Though called a shale the Vaca Muerta is more specifically a marlstone, or a carbonaceous (carbon-rich) mudstone. Composition of mudstone is similar to shale, but shale has fissility, or parallel layered bedding. The Vaca Muerta is considered to host the world's second-largest shale gas reserves and the fourth-largest shale oil reserves. The play is ready for ‘harvest mode’ as resource plays like shale can accommodate and as reserves are predictable. Investments in and construction of pipelines and other infrastructure are ongoing and will help bring more gas and oil to consumption areas including some for export, both through pipeline and LNG as new infrastructure is built. Adding in the potential reserves of the Early to Middle Jurassic Los Molles Formation a few thousand feet below Vaca Muerta could make the Neuquén Basin almost rival the Appalachian Basin in unconventional reserves.

     Argentina hosts 24 known sedimentary basins. 6 of them produce hydrocarbons. The Neuquén Basin hosts the most oil and gas and currently produces the most oil and gas as well, soon (in the next few years) to be over half of the country’s oil and gas. The Neuquén Basin hosts the 2nd largest shale gas field and the 4th largest oil accumulation in the world.

 

Hydrocarbon Play Windows in the Vaca Muerta Shale in the Neuquén Basin. Source: The Vaca Muerta Formation: How a Source Became a Reservoir. Carlos Macellari and Jane Whaley. GeoExPro. December 10, 2019. The Vaca Muerta Formation: How a Source Became a Reservoir – GeoExpro



Stratigraphy of the Vaca Muerta and Los Molles Formations in the Nequen Basin. Source: Wikipedia.




     Spanish company Repsol-YPF made the initial Vaca Muerta oil discovery in 2010. In 2013 the EIA estimated technically recoverable reserves in the formation of 16.2 billion barrels of oil and 308 TCF of gas. Repsol in 2012 estimated 22.5 billion barrels of oil. By 2017 there were about 500 horizontal wells drilled in the Vaca Muerta. The Neuquén Basin and the other Argentinian basins also host conventional gas reserves that provided half of Argentina’s gas. In addition, there are also substantial unconventional resources in the Early to Middle Jurassic Los Molles Formation in the Nequen Basin. Shale gas reserves of the Los Molles are pegged at 275 TCF and oil reserves at 3.7 billion barrels. With these high reserve numbers, the Argentinian shale resources should be able to be accessed and delivered for domestic consumption and export. The potential benefits to the long-struggling Argentinian economy are enormous. Before the Vaca Muerta and Los Molles were confirmed Argentina was relying on declining conventional gas and importing much gas from Bolivia and other nearby countries. Years of underinvestment in domestic oil and gas development and production also made it harder and slower to develop shale gas. However, they did have a conventional oilfield industry which made things easier. With total shale gas reserves of 583 TCF Argentina should be able to supply its natural gas and oil needs for decades to come and to export gas and oil by pipeline to neighboring countries and by LNG, potentially from both South American shores. Sand for high volume fracking is mined in different parts of Argentina as well as imported. Train routes have been built to transport sand. It is also transported via truck.



Source: Growth in Argentina’s Vaca Muerta shale and tight gas production leads to LNG exports. Energy Information Administration. July 12, 2019. U.S. Energy Information Administration - EIA - Independent Statistics and Analysis




Vaca Muerta Oilfield Development as of 2017. Source: Vaca Muerta Megaproject: A fracking carbon bomb in Patagonia. Diego di Risio. Socio-environmental and Energy Justice Alliance. December 2017. megaproject.pdf (boell.de)


     Natural gas pipelines transport gas to both South American coasts, to the east to Buenos Aires and other coastal cities, and to the west to the Chilean coast where gas deliveries have resumed after several years of no pipeline exports. There are LNG facilities of some sort on both coasts with mega export terminals under proposal.

     The Vaca Muerta Formation was long known to be a major source rock for conventional hydrocarbon plays in the basin. The first well targeting the Vaca Muerta was drilled by Repsol in 2010 and the first horizontal well was drilled in 2011. In 2013 YPK entered into a joint venture agreement with Chevron to invest $1.5 billion to drill 132 wells. Other agreements to drill were also announced. By the second quarter of 2014 161 wells were drilled in the project at a cost of $1.24 billion. By January 2015, YPF and Chevron had invested $3 billion in Vaca Muerta. Also in 2015, YPF partnered with China’s Sinopec and Russia’s Gazprom for further development. By 2015 about 30 companies were active in Vaca Muerta development.

     Vaca Muerta gas occurs in shales with high organic content in accumulations that can be readily tapped. Gas in the Los Molles formation also occurs in shales but according to a 2016 USGS resource assessment about three quarters of Los Molles gas is in tight sandstones. Both the Los Molles and Vaca Muerta source rocks were developed at an early stage after transgression/ingression into a trough that filled with deep water. The early oldest parts of both formations have the best source rocks. The Vaca Muerta production zones are the La Cocina and the El Organico. The La Cocina is oldest and below.




Seismic Stratigraphy Analysis for Vaca Muerta Formation, Argentina, at Fortín de Piedra showing three transgressive-regressive cycles, both in a well log and in a north-south arbitrary seismic line. Source: Characterization of lower Vaca Muerta at Fortín de Piedra in Neuquén Basin, Argentina. Horacio Acevedo and Alejandro Bande. April 2018. The Leading Edge 37(4):255-260. DOI:10.1190/tle37040255.1




Set of logs and detailed stratigraphic sequence for the lower Vaca Muerta. Track 1 is colored by gamma ray. In track 2, the P-impedance log is in blue and laboratory measurements of TOC from cuttings are in red. This clearly shows good correlation in which the higher the TOC, the lower the impedance. Between tracks 4 and 5, the transgressive-regressive sedimentary cycles of the lower Vaca Muerta are shown, locating the MFS for La Cocina and El Orgánico cycles. The track on the right is Poisson's ratio, showing no significant differences between La Cocina, El Orgánico, and above. Source: Characterization of lower Vaca Muerta at Fortín de Piedra in Neuquén Basin, Argentina. Horacio Acevedo and Alejandro Bande. April 2018. The Leading Edge 37(4):255-260. DOI:10.1190/tle37040255.1



    There is very good geological, geochemical, and chemostratigraphic analyses for the Vaca Muerta and Los Molles formations in a 2016 article in the Brazilian Journal of Geology. This paper shows that the two petroleum systems are different but also mixed in some places with gas migrating from the Los Molles into the Vaca Muerta along the Huincul Fault which trends east-west across the southern part of the Neuquén Basin. Chemostratigraphic and mud gas carbon isotope analyses have shown that “Vaca Muerta-Quintuco objectives are associated with authigenic elements, in limited horizons. Enhancement of the Quintuco reservoir by deep circulating fluids (thermobaric reservoir) is suggested.” The paper also shows that Los Molles gas is thermally more mature in general and that the Lower Los Molles is the main source rock of that formation. Isotope reversals and presumed water reforming of hydrocarbons have been associated with the overpressure seen in the Lower Los Molles. This overpressure may bode well for large wells as has been the case in other shale gas basins.

     Geochemistry can also determine things like water depth during deposition, or whether sediments were deposited in oxic or anoxic conditions. Deposition in anoxic (low oxygen) conditions in deep water leads to preservation of organic matter and higher TOC in the rock.

     The Neuquén Basin formed as a back-arc basin, a zone of spreading or rifting behind the magmatic arc system associated with magmatic movements influenced by subduction. It is a magmatic island arc encountering a subducting oceanic plate with the back arc basin forming behind the magmatic front that overrides the subducting plate. Upwelling or convection currents in the mantle transfer heat toward the surface where volcanoes and hydrothermal vents form. Hydrothermal fluids also helped to develop secondary porosity in the Quintuco Formation of the Vaca Muerta system. 

 


Model of a back arc basin in the context of an island arc system with subducting oceanic crust. Example from Micronesia. Source: Wikipedia. Back-arc basin - Wikipedia

 

 

     In a 2014 paper on the Geology of the Neuquén Basin, Authors Silvia Barredo and Luis Stinco note in their conclusions:

 

     “Unconventional shale reservoirs of the Neuquén Basin are strongly related to geodynamical context of the Gondwana margin. It is a back-arc basin whose infilling followed the dynamics of the convergent margin and the magmatic arc. Changes in sequence geometry occurred in-phase with the intra-continental elastic stress relaxation. Faults undergone extensional and compressional reactivation during rifting and also during the uplifting of the Huincul High. Thus, each rifting stage changed the geometry and space for sedimentation which in turn conditioned shale deposition and organic matter preservation under different climates. Moreover, shales display low permeability derived from the depositional history, the resulting mineralogy and the chemical conditions which are at the same time constrained by tectonic, eustatic and climatic variations. Thus, the sedimentary infill must be studied, from the tectonic/geodynamic and paleoclimatic approach, but focusing the reconstruction on the sequential arrangement of its elements.

 

     “Finally, all of the presently source rocks like, Puesto Kauffman, Los Molles, Vaca Muerta and Agrio formations can be considered unconventional reservoirs due to the large non expelled volume of hydrocarbons that they record. The reason why it is so rests on multiple factors but one of the most relevant seemed to be the oblique convergence and the consequent strain partitioning operating over a reworked lithosphere with a strong controlling fabric from the Paleozoic onwards. Understanding the Gondwana margin geodynamic evolution is necessary to model the basin for predicting the existence or absence of oil and gas prone shales among different depocenters.”

 

     A study presented in March 2023 at a Canadian SPE conference, of natural fracture and oil wettability variations in the Vaca Muerta, concluded that the Lower Vaca Muerta has better reservoir quality, including lower water saturation, larger pores, higher TOC, and greater natural fracture intensity. The study incorporated cores, micro-resistivity images and outcrops. The study also considered and incorporated thin bed heterogeneity in the analysis. The study highlights the variability of natural fracture intensity and oil-wet characteristics in each stratigraphic unit of the Vaca Muerta. As would be expected, pore size was found to be a key factor in thermal maturity, permeability, and wettability.

     A study presented in November 2020 at a Latin American SPE conference indicated that the Vaca Muerta reservoir can be a good candidate for enhanced oil recovery (EOR)  due to the large resource in-place, low ultimate recovery factors from primary depletion, a substantial basin wide infrastructure, a tremendous subsurface data set, and a knowledge base that has evolved over the life of the field.” The authors advocated for a chemical cocktail to enhance oil recovery rather than just simple water flooding.

     A December 2019 article in GeoExPro by Carlos Macellari and Jane Whaley note that only a small portion of Vaca Muerta hydrocarbons have been expelled to reservoirs above like the Quintuco carbonates and clastics:

 

“In fact, it has been calculated that only about 20% of hydrocarbons generated in the formation have been expelled, primarily because the overpressure barrier (0.75 to 0.85 psi/ft) formed by the overlying Quintuco Formation has helped to retain the hydrocarbons within the Vaca Muerta.”

 

“The Vaca Muerta Formation has thick, organically-rich sections between 30 and 400m thick, allowing multiple navigation horizons; plus excellent porosities, ranging from 4 to 16%; and TOCs as high as 17%, particularly towards the base of the unit, which represents the maximum flooding level of the basin. In addition, the unit is overpressured and has a relatively low percentage of clay, making this rock ideal for hydraulic stimulation. These are all excellent properties for an unconventional shale reservoir.”


Current Production, Projects, and Challenges

 

       Now, in 2023, state-run YPF-SA is set to increase investment further as pipelines, shipping ports, and expanded export facilities are being built and/or expanded to accommodate higher production. Development has been hampered over the last decade from what it could be by different issues including pipeline bottlenecks, some public opposition, changing commodities prices, and Argentina’s unique financial problems. Now, with a predicted $8 billion trade surplus in 3 or 4 years, Argentina is poised to improve domestic economics. In 2022 there was a $5 billion trade deficit. This year trade is expected to be balanced with surpluses thereafter.

     YPF-SA is partnered with Malaysia’s Petronas, another long-time Vaca Muerta player, to build a major LNG export facility near Buenos Aires. YPF is hoping for a final investment decision (FID) by the end of the year. The Nestor Kirchner pipeline, currently under construction, is set to relieve gas bottlenecks and be able to deliver high volumes to the export facility. YPF indicated they may have trouble with the $10 billion in financing needed. Argentina first tried exporting LNG from 2010-2013. In 2019 they rented a floating liquefaction unit which began exporting in late 2019 but was shut down due to Covid and the lease was cancelled as gas was not in demand. Thus, with the new pipelines and export facilities there is now a good chance of economic success in developing oil and gas for export.   

      Vaca Muerta shale and tight gas plays were producing 1 BCF/day in December 2018 making up a little over 20% of Argentinian gas production. As also seen in the graph below domestic gas production had been declining steadily and significantly since 2011. In mid-2019 Argentina was still importing gas in the winter months as consumption would outrun supply. In 2019 pipeline exports resumed to Chile and Brazil and a new pipeline to Uruguay was operational. Exports restarted in 2019 after 9 years of no exports and imports of up to 1.2 BCF/day. By September 2022 the governor of Neuquén noted that the Vaca Muerte was producing 91 million cubic meters per day (3.2 billion cubic feet per day) of natural gas and that expected December 2022 oil output would exceed 308,000 barrels per day. Thus, Vaca Muerta gas production has tripled in 4 years. This gas production increase has allowed Argentina to reduce gas imports by about $4 billion in the winter of 2022. However, the country also spent $4.3 billion importing gas which should not be necessary in a country with such large reserves. The governor also added that this year’s oil exports would be valued at $2 billion, five times the value of the previous year’s oil exports. The 563 km Nestor Kirchner pipeline, currently under construction, is expected to initially deliver 11 million cubic meters (about 385MMCF/day) to Buenos Aires, mainly for winter domestic use to further reduce imports. After all phases are completed, it is expected to carry about 1.5 BCF/day. The pipeline carrying more supply is expected to end the country’s need to import gas. This capacity will be needed as both gas and oil pipelines are currently full. Some oil is being transported by truck.

     In 2022 oil from the Vaca Muerta made up 44% of Argentina’s total oil output. Sometime this year it is expected to become over 50% of Argentinian oil production. Gas and oil production from the Vaca Muerta has barely begun as vast swathes of acreage remain that can be drilled. Production began to grow in earnest in 2018. In 2022 the Vaca Muerta made up 39% of Argentinian gas production.

          A December 2018 article in the Journal of Petroleum Technology compared Vaca Muerta production on the oil prone Loma Campana block to US oil plays. Vaca Muerta wells have lower initial decline rates than Bakken or Permian wells. 30-year EURs were projected to be lower than the Permian, just below Bakken core and above Eagle Ford wells. The Loma Campana area is in or near the black oil window and has very little associated gas and low GORs that don’t grow through time like in some US oil plays. That should help with keeping flaring to a minimum in that area.




Comparison of Vaca Muerta and US Bakken and Eagle Ford Shale Plays. Source: How Does Vaca Muerta Stack Up vs. US Shale? Data Tell the Tale. Matt Zborowski. Journal of Petroleum Technology. December 18, 2018. How Does Vaca Muerta Stack Up vs. US Shale? Data Tell the Tale (spe.org)

 

     The Neuquén Basin is currently bottlenecked with inadequate pipeline takeaway capacity out of the region. Much like Appalachia more outgoing pipelines are needed. Growth has been slowed by Argentina’s economic problems which impede attracting financing, Covid, supply chain and oilfield infrastructure issues, and issues with utilities, local pipelines, gas distribution system development for newly growing towns, and other issues. According to Reuters:

 

“Oil and gas executives said a complex economic environment - inflation heading towards 100% and tough capital controls limiting access to foreign exchange - was a drag on investment. They want a special regulatory framework for the sector.”

 

"Vaca Muerta's future production it at risk because there aren't enough dollars for SMEs or oil service firms," Juan José Aranguren, a former Shell executive and government official, said in a seminar in Buenos Aires.”

 

“Foreign currency access is vital to pay for imported services or equipment, he said.”

 

     Another issue is the scarcity of fracking crews and ‘frack sets.’ Argentina has 8 frack crews compared to the US with about 280. More crews and more equipment are needed. Horizontal well lengths have increased somewhat with HZ lengths now averaging about 8500 ft, comparable to most U.S. shale plays.

     YPF announced recently that they plan a drilling campaign in the oil prone northern part of the basin near Mendoza. Thus, the productive potential of the basin is still being delineated. Thus, it seems likely that high levels of oilfield activity will be clustered in different parts of the basin and eventually throughout the basin as the different blocks are drilled.

     A recent well-spacing study of the La Calera wet gas field near the city of Anelo, notes that the field has 30 Vaca Muerta wells on 3-well pads. Wells in the field are landed at three different landing points with as much as 120m (400 ft) of vertical stratigraphic difference. The well study was aimed at using parent-child well relationships to determine optimal well spacing. At a spacing of 350m (1150ft) interference tests were run utilizing water tracers and documenting pressure changes downhole and at the well head. They also did interference tests at a pad that had been producing for 2 years to compare. The first test on a newer pad revealed moderate well interference due to frac hits. Thus, ideal well-spacing for this area is still being worked out.

     Vista Oil & Gas drilled some very good Vaca Muerta wells in 2019-2020 that were part of a machine-learning study by Novi Labs. These wells were comparable to U.S. shale wells: long laterals, closely spaced frac stages, optimized higher proppant volumes, and optimized high pump rates. The wells producing from the La Cocina zone below those producing from the El Organico zone, produced oil at higher rates, among the highest in the basin. Novi Labs utilizes a statistical technique with Shapley values, or SHAP values, that forecasts and analyzes multiple variables to model well production and other variables with machine learning algorithms. In their evaluation of the Vista wells their conclusions suggested that longer laterals and bigger fracs had more effect than geology even though the geology was still quite favorable. Novi developed a public data Vaca Muerta model that can be licensed and deployed with their cloud software.

     Halliburton touted their rotary steerable system (RSS) in a 2019 case study. They achieved the longest lateral (at the time) of nearly 11,000 ft, 100% in target window, and limited “walking” to the side as Vaca Muerta wells with high temperature and pressure can do. The temperature in some parts of the field is quite hot, over 300° F (149° C), comparable to the Haynesville Shale play in Louisiana and Texas, where there is also a walking tendency. Walking to the side increases doglegs and makes drilling and navigation more difficult. Rotary steerable systems utilize better motor control and closer-to-the-bit survey and gamma data to achieve an overall smoother wellbore which can be a need where highly doglegged wellbores are common. Halliburton credited the ability to sense sudden directional changes in real time so that immediate trajectory corrections could be made. They also credited advanced electronics, sophisticated algorithms, and high-speed processors built within the tool which enable complex downhole calculations and precise, real-time measurement-while-drilling (MWD).



Vaca Muerta Gas Production Through 2022. Source: Rystad Energy



Los Molles Formation: Geology, Wells, Production, and Potential

 

     The Neuquén Basin began filling in Late Triassic times. The Los Molles is Early to Middle Jurassic. It was deposited just after the end of major syn-rifting, or structural extension/rifting so faulting and deposition were concurrent previously in the Precuyo Formation but now nearing the end of tectonic activity. However, the early post-rift period still involved deposition controlled by previous tectonics and some fault reactivation, so is still considered to be syn-rift. The Precuyo Formation below the Los Molles “consists of mainly alluvial to fluvial-lacustrine facies interfingering with volcaniclastic deposits in the lower section and significant pyroclastic facies in the upper section.” After the ending of volcanism, the rifting gradually shifted to thermal subsidence for depositional geometry. An embayment in the south of the basin led to sedimentation flow direction of NW and WNW and made the basin shape triangular. The rift basin was deep (a starved basin), so the Lower Los Molles was likely deposited into deep anoxic waters ideal for preserving source rock. After rifting there were rapidly subsiding, fault-bounded and narrow troughs brought about by reactivation. These included stepping border normal faults and half grabens filled with sediment. The basin was later affected by synchronous compression and fault reactivation to a Late Cretaceous to Cenozoic foreland basin stage.  

     The Lower Los Molles is a high-quality hydrocarbon source rock shale/mudstone. It is interbedded with marine and deltaic deposits. The depocenter in the center of the basin is considered to be a gas prone basin center gas system.

     Luis Stinco and Silvia Barredo have a great paper on the geomechanics and electrofacies of the Los Molles, published in October 2021. They write this about the basin:

 

The basin comprises petroleum systems distributed in a Mesozoic sedimentary column dominated by clastic, carbonatic and pyroclastic rocks (Legarretaand Villar, 2011). A complex combination of source and reservoir rocks with interfingered seals together with stratigraphic and structural traps gave place to different conventional, unconventional (shale and tight) and naturally fractured reservoirs.”

 

And this about the Los Molles:

 

“The Los Molles Formation is one of the unconventional reservoirs of the basin. Because of its mostly synrift nature, it displays lateral and vertical heterogeneities that exert a strong impact on hydrocarbon recovery (Cruz et al., 2002; Martínez et al., 2008; Kim et al., 2014). Basin dynamics, eustatic sea level and climate controlled the areal distribution, depth, thickness, porosity, permeability, mineral composition, reservoir pressure and geomechanics of this unit. Successful exploration and production require a thorough knowledge of the basin history which is possible integrating surface and subsurface analysis to model the petroleum systems. Micro and macro scale analysis involves the study of sediments ―that encompasses, from an engineering standpoint, a multiphase system of mineral particles, rock fragments, bioparticles, etc.,― where the layout results in a porous structure that contains fluids such as water, hydrocarbons and gas accordingly to geomechanics and facies distribution.”

 

     About 100 wells or so have penetrated the Los Molles so there is much more to learn about the formation. Stinco and Barredo’s study used geophysical logs from 15 wells as well as cores, outcrops, mudlogs, and other information. I couldn’t dig up much about recent Los Molles well production which I assume is gas being produced from the depocenter area to the west. I think I had read that YPF and Pan American had planned to drill 50 horizontal Los Molles wells within a few years (by 2019 if I recall) but I’m not sure if that materialized. I also read that multi-zone vertical wells were being completed in the Los Molles as well as the conventional reservoirs in within the Quintuco and Lajas Formations as late as 2017.

    

References:

Argentina ‘awakens’ Vaca Muerta shale to increase oil and natural gas production. Jonathan Gilbert. Bloomberg. World Oil. February 27, 2023.

Argentina eyes record oil and gas output from Vaca Muerta. Reuters. September 6, 2022. Argentina eyes record oil and gas output from Vaca Muerta | Reuters

Analysis: Argentina’s Vaca Muerta shale boom is running out of road. Eliana Raszewski. Reuters. December 27, 2023. Analysis: Argentina's Vaca Muerta shale boom is running out of road | Reuters

Vaca Muerta, The World’s Second Largest Shale Deposit: A Failed Opportunity That Will Cost Argentina $5 Billion This Year Alone. Agustino Fontevecchia. Forbes. May 31. 2022.

Argentina pumps record shale oil as Vaca Muerta takes off. Reuters. January 24, 2023. Argentina pumps record shale oil as Vaca Muerta takes off | Reuters

Vaca Muerta. Wikipedia. Vaca Muerta - Wikipedia

Wind Of Political Change Blowing In Argentina’s Vaca Muerta? Mark P. Jones. Baker Institute. Forbes. December 8, 2022. Wind Of Political Change Blowing In Argentina’s Vaca Muerta? (forbes.com)

The Vaca Muerta Formation: How a Source Became a Reservoir. Carlos Macellari and Jane Whaley. GeoExPro. December 10, 2019. The Vaca Muerta Formation: How a Source Became a Reservoir – GeoExpro

Characterization of lower Vaca Muerta at Fortín de Piedra in Neuquén Basin, Argentina. Horacio Acevedo and Alejandro Bande. April 2018. The Leading Edge 37(4):255-260. DOI:10.1190/tle37040255.1

Technically Recoverable Shale Oil and Shale Gas Resources: Argentina. Independent Statistics & Analysis. www.eia.gov U.S. Department of Energy. Washington, DC 20585. September 2015. Technically Recoverable Shale Oil and Shale Gas Resources: (eia.gov)

Argentina to try LNG Exports Again. Eric Thorp. Energy Intelligence. March 1, 2023. Argentina to Try LNG Exports Again | Energy Intelligence

Oil Production from Argentina shale to create surplus in energy. World Oil. Jonathan Gilbert and James Atwood. Bloomberg. March 8, 2023. Oil production from Argentina shale to create surplus in energy trade (worldoil.com)

Vaca Muerta Megaproject: A fracking carbon bomb in Patagonia. Diego di Risio. Socio-environmental and Energy Justice Alliance. December 2017. megaproject.pdf (boell.de)

Growth in Argentina’s Vaca Muerta shale and tight gas production leads to LNG exports. Energy Information Administration. July 12, 2019. U.S. Energy Information Administration - EIA - Independent Statistics and Analysis

Shale gas plays, Neuquén Basin, Argentina: chemostratigraphy and mud gas carbon isotopes insights. Héctor Adolfo Ostera, Roberto García, Daniel Malizia, Pablo Kokot, Leonel Wainstein, Marcelo Ricciutti. Brazilian Journal of Geology, 46 (Suppl 1): 181-196, June 2016. Shale_gas_plays_Neuquen_Basin_Argentina_Chemostrat.pdf

 Can a Pipeline Fix Argentina’s Economy—and Sway the Election? David Feliba, February 28, 2023. America’s Quarterly. Can a Pipeline Fix Argentina’s Economy—and Sway the Election? (americasquarterly.org)

 Assessment of Continuous Oil and Gas Resources in the Neuquén Basin Province, Argentina, 2016. Christopher J. Schenk, Timothy R. Klett, Marilyn E. Tennyson, Tracey J. Mercier, Janet K. Pitman, Stephanie B. Gaswirth, Thomas M. Finn, Michael E. Brownfield, Phuong A. Le, Heidi M. Leathers-Miller, and Kristen R. Marra. U.S.G.S. FactSheet_3col v 4.1 (usgs.gov)

 Exploration and production snapshots: Argentina: Clearing a path for growth. John England. Deloitte. 2017. Exploration and Production Snapshots: Argentina | Deloitte US

 How Does Vaca Muerta Stack Up vs. US Shale? Data Tell the Tale. Matt Zborowski. Journal of Petroleum Technology. December 18, 2018. How Does Vaca Muerta Stack Up vs. US Shale? Data Tell the Tale (spe.org)

 Unconventional Reservoir Geology of the Neuquén Basin Argentina. Silvia Barredo and L.P. Stinco. Society of Petroleum Engineers. November 2014. Amsterdam_SPE-170905-MS2Copy.pdf

 Organic Geochemical Patterns of the Vaca Muerta Formation. Chapter in book: Integrated geology of unconventionals: The case of the Vaca Muerta play, Argentina (pp.297–328). AAPG. December 2020. Organic Geochemical Patterns of the Vaca Muerta Formation | Request PDF (researchgate.net)

Vaca Muerta: Integrated Characterization of Natural Fractures and Oil Wettability Using Cores, Micro-Resistivity Images and Outcrops for Optimizing Landing Zones of Horizontal Wells. Rahimah Abd Karim; Roberto Aguilera; Franco Juan Vittore; Maria Florencia Rincon. Society of Petroleum Engineers. SPE Canadian Energy Technology Conference and Exhibition, March 15–16, 2023. Calgary, Alberta, Canada. Vaca Muerta: Integrated Characterization of Natural Fractures and Oil Wettability Using Cores, Micro-Resistivity Images and Outcrops for Optimizing Landing Zones of Horizontal Wells | SPE Canadian Energy Technology Conference | OnePetro

Enhanced Oil Recovery in Vaca Muerta Shale-Oil Could Kick Production with Good EconomicsJ. E. Juri. Paper presented at the SPE/AAPG/SEG Latin America Unconventional Resources Technology Conference, Virtual, November 2020. Paper Number: URTEC-2020-1491-MS. Enhanced Oil Recovery in Vaca Muerta Shale-Oil Could Kick Production with Good Economics | SPE/AAPG/SEG Latin America Unconventional Resources Technology Conference | OnePetro

 Argentina’s YPF Looks To Double Oil Production Within 5 Years. Charles Kennedy. OilPrice.com. Markets Insider. March 14, 2023. Argentina’s YPF Looks To Double Oil Production Within 5 Years | Markets Insider (businessinsider.com)

 Geomechanics and electrofacies characterization of the Los Molles Formation (lower to Middle Jurassic), Neuquén Basin. Luis Stinco and Silvia Barredo. Journal of South American Earth Sciences Volume 110, October 2021, 103338. Geomechanics and electrofacies characterization of the Los Molles Formation (lower to Middle Jurassic), Neuquén Basin - ScienceDirect

 Multipay Well Completion in Argentina: A Versatile Pinpoint Completion Technology Applied Through Several Conventional, Tight, and Shale Reservoirs. J. C. Bonapace; F. Kovalenko; F. Sorenson; P. Forni; Grupo Capsa; F. Barbalace. Paper presented at the SPE Latin America and Caribbean Petroleum Engineering Conference, Buenos Aires, Argentina, May 2017. Paper Number: SPE-185478-MS https://doi.org/10.2118/185478-MS.

 Understanding Well Spacing and Stacking in Vaca Muerta Fm. Using Interference Tests and Tracers

Verónica Laura Irazuzta; Belén Klix; Diego Solís; Francisco Herrero Clar; Matias Guillermo Alvarez

Paper presented at the SPE Argentina Exploration and Production of Unconventional Resources Symposium, Buenos Aires, Argentina, March 2023. Paper Number: SPE-212416-MS https://doi.org/10.2118/212416-MS

 Analyzing Vista’s Record-Setting Vaca Muerta Wells with Oil and Gas Machine Learning Models. Ted Cross. Novi Labs. August 26, 2020. Oil and Gas Machine Learning Models: Analyzing Vaca Muerta Wells (novilabs.com)

 Operator Drills Country’s Longest Lateral and Deepest Well in Unconventional Field. Case Study. Halliburton. 2019. iCruise-RSS-Argentina.pdf (brandfolder.io)

 

 

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