One-Page Deal Sheet
Chevron Enters Development of Vaca Muerta
Chevron Corp YPF
Announced Date
July 16,2013
Close Date
July 16,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
1240
Location
Calculated Metrics( EV/Category)
Region
South America,Latin America
Country
Argentina
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
A subsidiary of Chevron Corporation today signed an agreement with affiliates of the Argentine oil company YPF S.A. that furthers the development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province.The agreement calls for initial outlays of approximately $1.24 billion to enable the first phase of development in the Loma La Lata Norte and Loma Campaña areas. The initial program will include the drilling of 100 wells in a 5,000-acre tract, part of a 96,000-acre concession.
"This strategic investment will allow Chevron to take part in the Vaca Muerta…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-31-2020 | Shell, Equinor Acquire Stake in YPF-Operated Vaca Muerta Asset; $355MM | -  |
- |
| Dec-29-2012 | YPF and Bridas Corp To Jointly Develop Argentina Shale | - |
- |
| Dec-19-2012 | YPF, Chevron To Jointly Develop Vaca Muerta Shale | - |
- |