Record Oil Output Positions Argentina as a Key Energy Player

Exploitation of the vast Vaca Muerta shale in Argentina’s central southwest has unlocked a gargantuan unconventional hydrocarbon boom for the crisis-riven South American country. Rising oil and natural gas production from the 7.7-million-acre shale play is responsible for Argentina’s burgeoning hydrocarbon output, which is proving to be a silver bullet for the crisis-prone economy. President Javier Milei’s economic shock therapy, coupled with soaring oil and natural gas production, has put Argentina on the path to recovery. Growing…