Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and on its heels came another forecast, from the EIA: Argentina will soon eclipse Colombia as the third-largest oil producer in South America. It’s time for a new shale boom. Crude oil production in the Vaca Muerta play reached an all-time high of 400,000 barrels daily in the third quarter of this year, Rystad Energy wrote at the end of November, predicting that the play…
