Overview
- Under CEO Horacio Marín, shale oil output rose 82% from about 110,000 bpd in late 2023 to more than 200,000 bpd, measured as YPF’s own production.
- YPF cites tools such as a Real Time Intelligence Center, artificial intelligence and predictive analytics, plus its Toyota Well methodology, to speed work and cut costs.
- Third-quarter results included adjusted EBITDA of $1.357 billion and the highest refinery throughput in 15 years, with $1.017 billion in capex and roughly 70% directed to non-conventional assets.
- Operations set new marks with the completion of an 8,200-meter well and the drilling of a nearly 6,000-meter shale well in a record 11 days.
- The Argentina LNG project advanced as ADNOC agreed to join alongside Eni, while industry data showed 2,020 fracturing stages in October with YPF leading 1,045 and the basin totaling 94,506 to date.