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Bond Market News
YPF Nears Buying Total Energies’ Argentinian Shale Assets
August 6, 2025
Argentine state-owned energy company YPF, is said to be nearing an agreement to buy shale oil assets from TotalEnergies, as per sources. They said that the valuation could be to the tune of $400-500mn. TotalEnergies is on the lookout to sell 45% of the La Escalonada and Rincon La Ceniza shale oil fields in the Vaca Muerta shale formation. With Vaca Muerta having seen substantial growth, it has been reported that local companies have been the biggest beneficiaries. Chevron has already partnered with YPF to develop the large shale reserves in the area. Recently, Argentina’s Pluspetrol has indicated plans to develop fields there after buying them last year from Exxon Mobil. However, YPF’s CEO said that drilling activity in the shale patch is set to weaken in the near term as companies have taken towards restrained spending.
YPF’s dollar bonds were trading marginally higher with its 7% 2033s at 95.5, yielding 7.8%.
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