Second Exxon Vaca Muerta shale well flows

Exxon Mobil Corp. (NYSE:XOM) has drilled its second well in the vast Vaca Muerta shale formation in Argentina, and, according to news sources, the company says that this second well is flowing at levels that meet or exceed the results of the first well.

In its first test, this second unconventional exploration well produced a flow rate of 448 barrels per day of oil and 1 million cubic feet of gas per day, according to Reuters.

Exxon has interests in approximately 900,000 acres in the huge Vaca Muerta shale play, which is estimated to hold at least 23 billion barrels of oil. The company owns and operates 85% of the La Invernada and Bajo del Choique blocks in the Vaca Muerta play, with Gas y Petróleo del Neuquén SA owning the remaining interests in these blocks.

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