Argentina's sleeping giant shale formation, the Vaca Muerta or 'Dead Cow,' in the country's Neuquen Province, is on par with the U.S. Permian Basin and Haynesville Shale in terms of resources. Still, its development and production lag amid numerous persistent headwinds. Activity in Neuquen is at an all-time high, but growth will stall without incremental rigs, Rystad Energy head of shale well research Alexandre Ramos-Peon told about 160 attendees Sept. 29 at the Vaca Muerta Shale Day in Houston, which was hosted by the Instituto Argentino del Petroleo y del Gas (IAPG).
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