Pampa Energia, the fifth-biggest natural gas producer in Argentina, is taking its first steps to produce oil from the Vaca Muerta shale play while also stepping up gas output on a bet that a rise in domestic and export demand and prices will improve profits, Horacio Turri, the company’s executive director of hydrocarbons, said April 14. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Its first exploratory oil well in Rincón de Aranda, a block in Vaca Muerta’s oil window, has shown “very promising signs,” Turri said in a live-streamed interview with EconoJournal, a local news website. “We will start oil development in the near term.” Pampa is also preparing to complete a second […]