One-Page Deal Sheet
Shell, Equinor Acquire Stake in YPF-Operated Vaca Muerta Asset; $355MM
Equinor, Shell plc Schlumberger Limited
Announced Date
January 31,2020
Effective Date
January 01,2020
Close Date
January 31,2020
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
355
Asset/Basin:
["Neuqu\u00e9n Basin", "Vaca Muerta"]
TargetZones:
["Vaca Muerta Shale"
Net Acres
Location
Calculated Metrics( EV/Category)
Region
South America
Country
Argentina
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Equinor and its partner Shell have finalized a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province.
Each partner will pay $177.5 million for a 24.5% interest, bringing the total deal value to $355 million for both parties.
Asset DetailsThe block covers around 56,000 gross acres in the central area of the prolific Vaca Muerta play. The operator is YPF (currently with a 51% interest) and the block is in the late pilot phase of development with a current production of around 10,000 barrels of oil equivalent per day.
Equino…South America Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
- |
Click here | E&P | |
| Sep-09-2020 |
- |
- |
Click here | E&P | |
| Dec-27-2019 |
- |
- |
Click here | E&P | |
| Nov-15-2019 |
- |
- |
Click here | E&P | |
| Jul-25-2019 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-16-2013 | Chevron Enters Development of Vaca Muerta | - |
- |
| Dec-29-2012 | YPF and Bridas Corp To Jointly Develop Argentina Shale | - |
- |
| Dec-19-2012 | YPF, Chevron To Jointly Develop Vaca Muerta Shale | - |
- |