Could Argentina’s Dead Cow Shale Patch Help Solve The Energy Crisis?

In a surprise development, Latin America’s third largest economy Argentina reported record hydrocarbon production for May 2022. For that month Argentina pumped an average of 574,465 barrels of crude oil and 136 million cubic meters of natural gas per day. Those volumes represent a 0.9% and 6.8% increase respectively over a month prior and a notable 13.9% and 6.9% higher year over year. The key driver of that impressive leap in production volumes was growing shale oil and natural gas output from the Vaca Muerta.  Ministry of Economy data…