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YPF Vaca Muerta well tests positive

Mar. 09, 2015 12:58 PM ETYPF Sociedad Anónima (YPF) StockYPFBy: Carl Surran, SA News Editor
  • YPF (YPF +0.6%) has carried out a successful production test on an oil discovery in Argentina’s Vaca Muerta shale play, according to partner Andes Energia.
  • Initial tests showed the well naturally flowed oil at an average rate of 90 bbl/day, enough for Andes Energia to say it is very encouraged by the results of the play.
  • The Las Varillas exploratory well is a vertical well, unlike the majority of shale wells internationally which are typically horizontal, so it is cheaper to both drill and complete; the project also benefits from comparatively high domestic oil prices, as in Argentina there is a regulated price of $77/bbl.

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