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Exxon plans to boost shale gas output in Argentina, local official says

Published 04/19/2017, 02:54 PM
© Reuters.  Exxon plans to boost shale gas output in Argentina, local official says
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  • Exxon Mobil (XOM -0.8%) plans to ramp up natural gas production from the Vaca Muerta shale play in Argentina's Neuquen province, the provincial governor says.
  • The governor says he met with senior executives of XOM and its XTO unit in Houston last week during a road show to promote a series of tenders for 56 blocks in the province.
  • XOM's Vaca Muerta activities will focus on developing gas, driven by an extension of pricing incentives this year through 2021, the governor says, adding that the company will have invested $750M at Vaca Muerta by the end of this year.


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