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Chevron (CVX +0.4%) and Argentina's state-run YPF (YPF +0.4%) enter an accord to develop shale...

Chevron (CVX +0.4%) and Argentina's state-run YPF (YPF +0.4%) enter an accord to develop shale in the South American country's Vaca Muerta region, thought to be home to massive shale oil and shale gas resources. YPF is seeking funding and partners to carry out an ambitious exploration and production plan over the next five years.
Comments (4)
  • And once all that work is done and the production is online, will CVX and YPF own it or will the Argentine government?
    14 Sep 2012, 02:31 PM Reply Like
  • Stupid move by CVX -- Argentina has a bad record for outsiders.
    14 Sep 2012, 02:48 PM Reply Like
  • Just a Letter of Intent!!!
    14 Sep 2012, 04:16 PM Reply Like
  • Why would any intelligent investor put money into a firm that was expropriated less than a year ago by the Government of Argentina?? Lets see what the Argentinian Government comes up with for a "Fair" compensation before any more cash is put at risk in Argentina
    14 Sep 2012, 04:18 PM Reply Like
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