Debt ghosts return to rattle Argentina’s push for shale greatness

NEW YORK: To replicate the kind of shale boom taking place in America’s Permian Basin, Argentina first needs to convince investors it can avoid another financial crisis.

Production is creeping up in Argentina’s Vaca Muerta formation, where about 1,000 wells have been drilled since development started more than six years ago. But fears the government is losing the battle to contain inflation and return to economic normalcy are pushing up bond yields to the highest since the country was last in default.