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Argentina is home to the world’s second-biggest trove of shale gas in Patagonia’s Vaca Muerta, or Dead Cow, formation. CEO Marcelo Mindlin, 59, who founded Pampa Energia SA in 2005 as the country rebounded from financial and economic implosion, wants to unearth as much of it as possible.

Argentina is home to the worlds second-biggest trove of shale gas in Patagonias Vaca Muerta.

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Whatever broader policy mix is implemented, the next government will continue to back production in shale patch Vaca Muerta. That was the unanimous opinion of top drillers state-run YPF SA and Pampa Energia SA, and TGS SA, which conditions and transports shale gas, on earnings calls last week.

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Executives at Argentina’s state oil and gas firm YPF SA in an earnings call acknowledged the difficult economic environment in the country but said

Operator: Ladies and gentlemen thank you for standing by. At this time I would like to welcome everyone to the YPF First Quarter 2023 Earnings Webcast. [Operator Instructions].

Unidentified Company Representative: Good afternoon, ladies and gentlemen. Welcome, and thank you for joining us in this special day.

$80 Brent and a steady demand for petroleum products has prompted YPF, one of the main operators of Argentina’s Vaca Loca shale to boost oil and gas production