Vaca Muerta Shale Formation Estimated to Hold 9 Billion Barrels of Sub-$55 Oil
Source Summary
The Vaca Muerta shale formation is estimated to contain 9 billion barrels of oil recoverable at costs below $55 per barrel. EIR director Andy McConn highlighted the formation's rare combination of significant growth potential and low-cost competitiveness in the current upstream market.
Why it matters
Low-cost oil resources are strategically valuable in a competitive global energy market where production economics determine competitiveness.
