Argentina’s Second-Largest Shale Producer to Invest $1 Billion in Vaca Muerta

Independent producer Vista Energy, the second-biggest shale producer in Argentina, plans to invest around $1.1 billion in the growing shale basin Vaca Muerta, the company’s founder and CEO Miguel Galuccio told Reuters in an interview published on Wednesday. The Vaca Muerta shale play in Argentina is the top development priority for the company, which also operates an onshore oil and gas field in Mexico. Vaca Muerta—Spanish for ‘dead cow’—has been dubbed the Argentinian Permian, although its geologic properties…