Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Madalena Details Vaca Muerta Plans
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Madalena Energy Details its first quarter operations.
International Operations - Neuquén Basin, Argentina Coiron Amargo BlockIndustry activity in and around Madalena's Coiron Amargo block (approximately 34,950 net acres), including developments in the greater Loma La Lata and Loma Campana areas, has seen a significant step change from initial exploration and appraisal drilling in 2012 to an accelerated exploitation / development phase in the unconventional Vaca Muerta shale through 2013 and into 2014.
Over 150 Vaca Muerta shale wells have been drilled in and around this area and a number of significant joint ventures (or other transactions) have been announced over the last 14 months.
These largely involve large integrated exploration and production companies such as YPF, Chevron…
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