YPF's ambitious program this year calls for drilling 132 oil wells at the Vaca Muerta shale...

|About: YPF Sociedad Anonima (YPF)|By:, SA News Editor
YPF's ambitious program this year calls for drilling 132 oil wells at the Vaca Muerta shale formation in Patagonia, but the high cost of equipment could force it to scale back, CEO Michael Gallucio says after reporting Q4 results. Vaca Muerta holds one of the world's biggest deposits of shale resources, with ~23B boe; YPF has concessions on 40% of the site. YPF +1.7% premarket.