A unit of Chevron Corp. and affiliates of Argentina’s state-controlled YPF SA have struck a long-sought agreement for the U.S. major to provide an initial $1.24 billion to further development of shale oil and gas resources from the Vaca Muerta formation in Argentina’s Neuquen province.
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Report: Marcellus Offers Energy, Education, Industrial Opportunities
The Pittsburgh region is poised to enjoy freedom from foreign energy and a new era of self-sufficiency, thanks to development of the Marcellus Shale, according to a recent report.
August 18, 2011