Monday, May 15, 2017

Fracking in Argentina

Shale oil and gas reserves abound globally. However, to date, only America has successfully tapped those reserves. Working diligently behind the scenes Argentina now appears ready to join the US on the world stage as a serious player in the shale gas market.

The article excerpted and linked below provides details.

The shale boom has thus far remained a uniquely American phenomenon (for a long list of reasons), but the issue of other countries replicating that success has always been a question of when, not if. Argentina’s Vaca Muerte formation contains the second-largest reserves of shale gas in the world behind China, and as the WSJ reports, those multitudes of hydrocarbons are attracting the keen interest (and capital) of oil and gas companies:

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