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Vaca Muerta Boom Drives Record Argentine Oil Output as Thiel Invests

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The Story

News Summary

  • Peter Thiel acquired a $76 million stake in Argentina's Vista Energy as Vaca Muerta crude output reached record highs of 887,227 bpd.
  • Surging shale production and heavy supermajor investment position Argentina as a rapidly expanding non-OPEC oil and gas supplier.
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