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The country is undergoing a once-in-a-generation unconventional hydrocarbon boom, which began with Buenos Aires nationalizing integrated energy major YPF in 2012. Since then, Argentina’s oil and natural gas output has kept soaring higher, regularly hitting new monthly highs as volumes of shale oil and gas production grow. It is Argentina’s national oil company, YPF, which is at the forefront of the boom with it responsible for this strong production growth.For November 2025, Argentina’s crude oil production, despite falling from the October 2025 record of 849,646 barrels per day to 844,386 barrels per day, was still an impressive 12.5% higher than a year earlier. This was the first month out of the last six where output did not rise to a new record high. Rapidly growing shale oil production in the Vaca Muerta shale, Spanish for Dead Cow, is driving Argentina’s stunning production growth. For November 2025, shale oil output hit a new monthly record of 578,461 barrels per day, a 30.68% year over year increase, which saw it responsible for 68.51% Argentina’s total production.Natural gas production, however, continues to decline. Output dropped 7% year over year to 4.2 billion cubic feet per day, the lowest level since December 2023. This represents a sharp drop from the record 5.7 billion cubic feet per day pumped for July 2025. It is rising shale gas output from the Vaca Muerta which is responsible for the solid growth of Argentina’s natural gas production over the last five years. For November 2025, shale gas production fell 1% year over year to 2.7 billion cubic feet daily, which despite being significantly less than the record 3.8 billion cubic feet per day reported for July 2025, still comprised 65% of Argentina’s total gas production.Since July 2025, a combination of well maintenance, reduced drilling activity due to weaker spot prices, and a lack of infrastructure, notably storage and pipeline facilities, which is impacting takeaway capacity, are weighing on output. Indeed, the lack of pipeline and other transportation infrastructure has long been viewed as a key constraint with the potential to impact production in the Vaca Muerta. Although the increasingly prolific shale formation and Argentina’s national oil company YPF will be responsible for further production growth.The 8.6-million-acre Vaca Muerta is a massive shale formation, roughly the size of Switzerland, located in the Neuquén Basin in northern Patagonia. It is among the world’s largest unconventional hydrocarbon resources and is frequently compared to the prolific Eagle Ford and Permian shales. The Vaca Muerta is estimated to contain 16 billion barrels of light tight oil and 308 trillion cubic feet of tight gas, making it the world’s fourth-largest unconventional oil and second-largest unconventional gas reserve. According to analysts, characteristics such as superior shale thickness, greater quantities of biological material, higher reservoir pressures, and increased well productivity make the Vaca Muerta superior to major U.S. shale plays.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,845.50 -50.74 (-0.74%)Dow 3048,063.29 -303.77 (-0.63%)Nasdaq23,241.99 -177.09 (-0.76%)Russell 20002,481.91 -18.68 (-0.75%)VIX14.95 0.00 (0.00%)Gold4,332.10 -9.00 (-0.21%)Trending tickersBTC-USD Bitcoin USD 87,797.40 -1,019.68 (-1.15%)^GSPC S&P 500 6,845.50 -50.74 (-0.74%)^IXIC NASDAQ Composite 23,241.99 -177.09 (-0.76%)ETH-USD Ethereum USD 2,982.94 -3.43 (-0.11%)XRP-USD XRP USD 1.85 -0.02 (-1.23%)PortfolioSign in to access your portfolioSign inTop gainersAXSM Axsome Therapeutics, Inc. 182.64 +33.85 (+22.75%)PSNY Polestar Automotive Holding UK PLC 21.37 +1.88 (+9.65%)ONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)DJT Trump Media & Technology Group Corp. 13.24 +0.67 (+5.33%)PBF PBF Energy Inc. 27.12 +1.08 (+4.15%)Top losersCORT Corcept Therapeutics Incorporated 34.80 -35.40 (-50.42%)QXO QXO, Inc. 19.29 -1.75 (-8.32%)RGC Regencell Bioscience Holdings Limited 21.00 -1.90 (-8.30%)NIO NIO Inc. 5.10 -0.40 (-7.27%)PSLV Sprott Physical Silver Trust 23.65 -1.57 (-6.23%)Most activeONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)NVDA NVIDIA Corporation 186.50 -1.04 (-0.55%)PLUG Plug Power Inc. 1.9700 +0.0350 (+1.81%)NIO NIO Inc. 5.10 -0.40 (-7.27%)TSLA Tesla, Inc. 449.72 -4.52 (-1.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events