Argentina’s Oil Production Surges As Political Instability Soars

The exploitation of South America’s largest shale formation the Vaca Muerta, which is the size of Belgium, continues delivering impressive results at a crucial time for Argentina. The geological formation spanning 7.5 million acres is believed to be the world’s second-largest shale gas deposit, surpassed only by the U.S. situated Eagle Ford shale, and the fourth largest shale oil deposit. The Vaca Muerta’s development is responsible for halting the decline of oil and natural gas production in Argentina. Even with hydrocarbon production…