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Gas output from Argentina’s YPF falls in Q1

YPF produced 43.7 MMcm/d of gas in Q1 2018, down by 3.5%.
By Staff reporter 9 May 2018 Americas / Exploration & Production 0 30786

YPF produced 43.7 million cubic metres per day (MMcm/d) of gas in Q1 2018, the state-run Argentine company said on Tuesday.

This was a decline of 3.5% compared with Q1 2017. However, hydrocarbon production from shale areas, net to YPF, amounted to 49,600 barrels of oil equivalent for the period.

This was 37.1% higher than Q1 2017 and included 3.6 MMcm/d of gas.

The company’s tight gas production during Q1 2018 averaged 14 MMcm/d.

YPF said its average realised gas price fell slightly in Q1 2018, to $4.84/MMBtu.