Vista, Argentina’s second-largest unconventional oil and gas operator, plans to invest around $1.1 billion in 2024 to accelerate production in Vaca Muerta, the company’s founder and CEO, Miguel Galuccio said

Although the project and the start and end locations are not yet confirmed, the proposal is gaining momentum as it would reduce investment costs, simplify construction, and provide various benefits to gas transportation

The Argentine government authorized Total Austral, a subsidiary of the French group TotalEnergies, to sell up to one million cubic meters of gas per day to Matrix Energy Participacoes

The blockade lasted more than 24 hours and put the supply at risk in Buenos Aires and other points of the gas consumption network at a time of high demand due to low temperatures

The number of fracking stages – a technical measure of activity in unconventional reservoirs – reached 1,643 in the third month of this year in Vaca Muerta, according to a report from the Energy Contacts Foundation

The oil company YPF announced that it will invest $5 billion this year, of which $3 billion will focus on the Vaca Muerta unconventional hydrocarbon formation

U.S. energy giant ExxonMobil Corp, opens new tab is weighing offers for its oil and gas assets in Argentina’s Vaca Muerta shale region

According to the company, the new investments will be allocated to its operations in Vaca Muerta, with the goal of connecting 46 new wells and reaching a production of 70,000 barrels of oil equivalent per day by 2024

The oil company YPF will focus over the next four years on its areas within the massive Vaca Muerta unconventional hydrocarbon formation in the southwest of the country

Vista, the second-largest producer of unconventional oil in Argentina, plans to put a total of 138 new “shale oil” wells into production between 2024 and 2026