YPF - Vaca Muerta producing at record levels matching U.S. well scores - Rystad

Production from the Vaca Muerta shale formation in Argentina has not only rebounded to pre-pandemic levels but also reached a record high of 124K bbl/day in December 2020, Rystad Energy reports.The ascent can continue towards the 145K-150K bbl/day range by the end of 2021 if current activity levels continue, Rystad says.Lead developer [[YPF]] has not yet returned to its pre-COVID Vaca Muerta oil production record, so the play's recovery was driven mostly by other producers with aggressive capital programs, including Vista Oil and Gas (VIST), which produced 15K bbl/day in December, and Royal Dutch Shell ([[RDS.A]], [[RDS.B]]) with 13K bbl/day, new all-time highs from the basin for both operators.Rystad says the estimated ultimate recovery range for recent Vaca Muerta oil wells is comparable to the Midland and Eagle Ford plays in the U.S.Vaca Muerta wells also benefit from extremely low gas-to-oil ratios, which means "breakeven oil prices in Vaca Muerta's

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Vaca Muerta producing at record levels, matching U.S. well scores - Rystad