ExxonMobil will spend more than $225 million to drill five wells targeting the Vaca Muerta Shale play in Argentina under a work programme approved by provincial regulators that could lead to full scale development on the supermajor’s holdings in the Neuquen basin.
XTO Energy, which functions as the US supermajor’s unconventional unit, committed to drill the five horizontal wells with lateral lengths of more than 2500 metres (8200 feet) and fracture them with at least 25 stages, according to an announcement issued by the government of Neuquen Province.
The
