Shares of oil and gas companies rose alongside oil futures, which rebounded from a five-month low. Argentina's state-run oil company, YPF, has cut production costs in Vaca Muerta, the giant oil and gas basin in Patagonia, with well-development costs under $13 per barrel of oil equivalent, and could come down to the levels associated with economic U.S. fields such as the Permian Basin.
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(END) Dow Jones Newswires
May 05, 2017 16:15 ET (20:15 GMT)