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Argentina’s YPF, Bridas sign $1.5B shale deal

By Washington Examiner
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BUENOS AIRES, Argentina (AP) — State energy company YPF has signed a preliminary agreement with Bridas Corp. for the development of Argentina’s vast nonconventional oil and gas resources, YPF said Friday.

The company said it will require an initial investment of $1.5 billion over two years for the development of 663 square kilometers (256 square miles) of the Vaca Muerta (“Dead Cow”) formation discovered in Neuquen province in 2010.

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