Argentina's Vaca Muerta shale formation still profitable with lower oil prices, YPF CEO says
ReutersApr 8, 2025 3:55 PM
BUENOS AIRES, April 8 (Reuters) - Argentina's sweeping Vaca Muerta shale formation could still be developed even with lower oil prices, the head of state-run oil producer YPF said in an interview on Tuesday.
The so-called break-even price to develop Vaca Muerta would be at $45 per barrel, YPF CEO Horacio Marin said in an interview with local outlet Infobae. Brent futures were hovering around $64.87 a barrel mid-morning Tuesday.
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