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YPF to Scale Down Spending in 2020; Vaca Muerta to be Main Focus
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YPF will be scaling down its investments in 2020, according to multiple reports.
The company cited low oil / gas prices as well as a lack of investment activity and credit options in the sector as the primary reasons for the planned decrease.
While no solid 2020 budget has been reported by YPF, it estimates it will be less than the $3.3 billion it spent in 2018 - this was the lowest amount spent in the last 3 years as illustrated below:
The company also noted that its primary focus will be its Vaca Muerta operations - here is a look at YPF's spending in the play over teh past six years:
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Capital Expenditure - 2020
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