WorldOil Argentina considers oil price controls to support Vaca Muerta shale exploration Argentina believes a price ceiling would prevent bull runs in oil markets from triggering a surge in fuel prices, while a price floor would discourage oil companies from pulling out of a marginal asset like Vaca Muerta if markets collapse. Argentina’s Vaca Muerta shale goals move further out of reach YPF is aiming for capital expenditures this year of $2.7 billion, as it tries to halt four years of production declines. After the coronavirus pandemic decimated revenue and the debt swap yielded limited results, getting there will require increasing fuel prices, cutting drilling costs, selling local debt, and maybe divesting assets. PESA Argentina chapter debuts in Buenos Aires United States Ambassador to Argentina Edward Prado welcomed PESA to his residence in Buenos Aires to kick off the creation of the PESA Latin America Regional District, Argentina Chapter on Tuesday, September 24. Drillmec’s Striker-800 cluster drilling rig departs for Argentina Drillmec announced their Striker-800 cluster drilling rig is headed to Argentina to explore the Vaca Muerta shale play.