The Dead Cow Keeps Growing -- September 29, 2021

Locator: 10010VACAMUERTA.

Vaca Muerta is tracked here.

Updates

February 25, 2024: XOM looking at selling its assets in Vaca Muerta.

Original Post 

Link to Rystad Energy.

I never saw this coming.

Dead Cow.

Vaca Muerta. 

The Vaca Muerta is tracked here.

The world's fastest growing shale play keeps breaking records. 

So, let's run the numbers.

• Permian: 5 million bopd.

• Bakken: 1 million bopd
• 24 rigs.

• Vaca Muerta:
• prior to December, 2020, never exceeded 120,000 bopd
• oil rigs: 50
• July, 2021: 160,000 bopd for the first time ever
• August, 2021: 161,000 bopd
• forecast: 200,000 by year end, 2021
• Argentina's total production:
• forecast to hit 560,00 bopd by December, 2021
• a benchmark not seen since October, 2012;

So, the Bakken:

• four times as much oil with half the number of rigs.

More at the link.