Argentina Is On The Verge Of A Huge Boom In Shale Oil Fracking

Source: Business Insider
By: Stefano Pozzebon

10.14.2014

Argentina could be the forefront of the next shale oil revolution, according to a report Morgan Stanley published today. Of all the areas analyzed, the Latin American country displays the most favourable conditions, and the lowest investment costs.

La pampa could become the next big thing in shale oil, mainly for three reasons:

The Vaca Muerta basin has similar characteristics to one of the richest drilling areas in the US, the Eagle Ford basin in Texas. It is sufficiently thick and rich of liquid resources to foresee a consistent output.

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