The US techno-magnate, Peter Thiel, has invested about 76 million dollars to acquire 1% of the shares of the Argentine oil company Vista Energy, one of the main operators in the unconventional Vaca Muerta field in Patagonia. This emerged from documents submitted on Friday to the United States Securities and Exchange Commission by the Thiel Macro LLC fund, which specify that the investment allowed Thiel to acquire 1.2 million shares of Vista.
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The founder of Palantir has been interested in Argentina for some time and had settled with his family in Buenos Aires in April for a few months, holding meetings with President Javier Milei himself, government authorities, and representatives of the business world. Before his arrival in Argentina, Thiel had also acquired an important mansion in the Palermo Chico neighborhood, one of the most elegant in the capital.
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Shale gas and shale oil field
The Vaca Muerta field (Spanish for “Dead Cow”) is one of the largest geological formations in the world for the extraction of unconventional hydrocarbons (shale gas and shale oil). It is located in the northern part of Patagonia, mainly within the province of Neuquén, extending to a lesser extent also into the provinces of Mendoza, Río Negro, and La Pampa. It contains considerable reserves of shale gas and shale oil trapped within the source rock at great depths (between 2,500 and 3,000 meters).
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