Enverus has expanded its upstream intelligence portfolio with the launch of Global Research, a new product designed to deliver valuation models, activity forecasts, and strategic insights across international oil and gas markets.
The first Global Research report zeroes in on Argentina’s Vaca Muerta shale, highlighting its world-class productivity yet revealing that M&A buyers are acquiring assets at valuations well below those seen in U.S. shale basins. According to Enverus, deals imply buyers are paying about $1 million per undeveloped well location, compared with approximately $4 million for U.S. shale locations of similar quality.
Enverus analysts expect these discounted entry costs to draw inventory-hungry North American operators into Argentina’s fast-growing play. The report also points to a 24% decline in liquids-weighted well productivity since 2021, a trend that has received limited attention but could shape development strategies going forward.
“The Lower 48 remains the most dynamic upstream market, but global opportunities like Vaca Muerta are increasingly critical to investment decisions,” said Andy McConn, director of Enverus Intelligence® Research. He emphasized that the company’s PRISM® analytics platform will integrate global datasets and provide operators and investors with the same decision-making edge Enverus has delivered in North America.
Beyond M&A and productivity analysis, the Vaca Muerta report evaluates remaining undrilled inventory, benchmarks valuations across equity and M&A markets, and identifies development areas with wide performance variances. Enverus believes these insights will position operators to better capture returns in Argentina’s unconventional sector.
By combining Novi Labs’ proprietary well-level data with its cost intelligence and digital workflows, Enverus says Global Research will give stakeholders more accurate, AI-ready intelligence to guide portfolio strategy, identify acquisition targets, and optimize investment decisions across both conventional and unconventional assets worldwide.
Pictured at top: A drilling rig in the Vaca Muerta shale region. Image: YPF.
