Neuquen Gas Production Reaches 69.8 MMcm/d in August 2018

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) — Crude oil and natural gas production from the Neuquen Basin rose sequentially in August 2018.

Oil production reached 120,551 barrels per day (b/d) in August 2018, up 6.64% compared to July 2018, and up 16.9% compared to August 2017, while gas production reached 69.8 million cubic meters per day (MMcm/d), up 2.48% sequentially, and up 13.3% year-over-year.

A large part of this growth was due to three massive developments carried out in the unconventional area, the Government of the Neuquén Province reported in an official statement on its website

Of this total, Vaca Muerta today produces 65,186 b/d of oil (54% of what the Neuquen basin produces) and 43.2 MMcm/d of gas (62% of what the Neuquen basin produces). Of this last figure, 30% corresponds to shale gas (20.5 MMcm/d) and 32% to tight gas (22.6 MMcm/d).

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