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  • Will Vaca Muerta increase shale oil production?
  • Argentina’s state oil company, YPF, forecasts an increase in shale oil production of 30–40% for the coming year with a focus on capital investments in the Vaca Muerta formation. The Vaca Muerta formation is reputed to be one of the world’s largest shale reserves and central to YPF’s strategy to transform Argentina into a key energy exporter.
  • Why are oil and natural gas production rising in Argentina?
  • Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields.
  • How much shale gas does Vaca Muerta have?
  • We estimate that the Vaca Muerta shale formation, located mainly in Argentina’s Neuquén province, has 308 trillion cubic feet of technically recoverable shale gas resources and 16 billion barrels of technically recoverable shale oil and condensate resources.
  • Does Vaca Muerta increase oil production in Argentina?
  • Thanks to the development of Vaca Muerta, the share of unconventional reserves in Argentina’s oil production went up from 17% in 2019 to 34% in 2023.
  • Which country has the most shale oil & natural gas resources?
  • Argentina ranks among the world’s top five holders of shale crude oil and natural gas resources. Crude oil production in the Vaca Muerta formation began to surge in 2021 due to:
  • Why did oil production surge in Vaca Muerta in 2021?
  • Crude oil production in the Vaca Muerta formation began to surge in 2021 due to: In September 2024, production averaged 738,000 barrels per day (b/d) of crude oil in Argentina, 15% more than in September 2023 and the most in any month since 2003.