Argentina’s oil and gas production hit record highs in May 2026, fueled by the powerhouse Vaca Muerta shale formation—now South America’s top energy asset. Oil output surged 19% YoY to nearly 887,000 barrels per day, while natural gas neared all-time highs, with shale accounting for over 70% of both. Outpacing Colombia, Argentina now ranks fourth in South America for oil. Vaca Muerta’s thicker, higher-quality shale delivers more efficient, longer-lasting wells despite infrastructure hurdles. Its light, low-sulfur crude is cheaper to refine and cleaner than global averages, drawing billions in investment from YPF and global players. Analysts forecast Argentina could hit 1 million–1.5 million barrels daily by 2030, with gas output soaring too—thanks to new infrastructure and a global energy landscape hungry for reliable, low-carbon supply.

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