Exploration & Production | Drilling / Well Results | Top Story
WPX: Vaca Muerta Well Experiencing Modest Production
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WPX Energy provided the following update in it's May 2nd operational update presentation.
Argentina Completed 3rd Vaca Muerta vertical well and have now established modest productivity from the vaca muerta shale with three frac'd vertically drilled wells. Horizontal drilling needed to prove Vaca Muerta as a resource play Waiting on legislative approval for TDF agreement, executed in 2012. Rio Negro province is expected in mid 2013. Expect to drill three additional Vaca Muerta Shale vertical wells in Coiron Amargo by year end. Temporary rig delays slowed spuds and first sales. YPF Vaca Muerta activity consuming limited Neuquen basin rig and service capacity. Acreage Position Entire Lomas - 96,000 net acres Bajada del Palo - 59,000 net acres Agua Amarga - 37,000 net acres Coiron Amargo…- ✓ Full news archive — U.S., Canada & international coverage
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