Exploration & Production | Deals - Joint Ventures
Madalena to Delineate Vaca Muerta, Lower Agrio Shales
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Madalena Ventures Inc. has reported the following operational update on its international assets.
International Operations Update - Neuquén Basin, ArgentinaMadalena holds three blocks / concessions within the prolific Neuquén basin in Argentina and is moving forward to delineate its large in-place unconventional oil & gas resources within the Vaca Muerta shale and Lower Agrio shale, alongside tight sand plays in the Mulichinco and Quintuco formations and select conventional zones of interest. Madalena holds 135,000 net acres across the Coiron Amargo (35,027 net acres), Cortadera (49,600 net acres), and Curamhuele (50,400 net acres) blocks with an estimated 2.9 billion boe of net (45% crude oil and natural gas liquids), best case P50 contingent and prospective recoverable resources (as…
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