YPF Said to Be Close to Buying Total’s Argentina Shale Assets

Argentina’s state-run oil and gas producer YPF SA is close to an agreement to acquire shale oil assets from France’s TotalEnergies SE, according to people familiar with the matter.

A sale could be valued at $400 million to $500 million, said one of the people, who asked not to be identified because they weren’t authorized to speak publicly.

A Total spokesperson didn’t immediately comment when reached by phone outside of regular business hours in Paris.

Total is looking to sell 45% of the La Escalonada and Rincon La Ceniza shale oil fields, which lie in an underdeveloped corner of ...