YPF Sociedad Anonima shares rise 1.52% premarket after TotalEnergies sells 45% stake in Argentina oil blocks to YPF.

Ypf Sociedad Anonima rose 1.52% in premarket trading, with the company acquiring a 45% stake in two unconventional oil and gas blocks in Argentina's Vaca Muerta shale formation from TotalEnergies for $500 million. This acquisition aligns with YPF's dominant position in the region, having drilled over 800 wells between 2015 and 2021, and reflects its strategic focus on expanding its operations in the Vaca Muerta shale play.