COVID-19 Could Crush Argentina’s Shale Boom

Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin. But already wounded, the global coronavirus pandemic and the ensuing oil market meltdown could lead the “Dead Cow to slaughter,” according to a new report. On its own, Vaca Muerta has consistently disappointed. For years, production inched up slowly, undershooting expectations. Partially…