YPF signs $75-million farm-out for Aguada del Chañar block exploration
State-owned YPF SA signed a $75-million deal with Compañía General de Combustibles SA (CGC) for hydrocarbon exploration in the Aguada del Chañar unconventional exploration concession in Argentina’s Neuquén province.
Through the deal, reported as a translation of letter to the Argentine Securities Commission dated Mar. 21, 2025, CGC will acquire a 49% interest in the Vaca Muerta joint venture. YPF will hold 51% interest and will serve as operator.
CGC also will pay, on behalf and at the request of YPF, 80.40% of the investments attributable to YPF’s percentage interest in the block for a period of 4 years, subject to certain unspecified maximum annual and monthly amounts, the operator said.
Mikaila Adams | Managing Editor - News
Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journal's sister publication, Oil & Gas Financial Journal (OGFJ). After OGFJ ceased publication in 2017, she joined Oil & Gas Journal and was named Managing Editor - News in 2019. She holds a degree from Texas Tech University.
