11/07/2026 19:24 - Economia
Argentina's most important geological formation continues to demonstrate its immense global potential. During the first half of 2026, Vaca Muerta reportedly achieved nearly 15,000 hydraulic fracturing stages, setting a new record that consolidates the Neuquén Basin as a fundamental engine for the country's economic development.
According to specialized media like Minuto Neuquén, this intense activity translates into a remarkable increase in production, generating a source of foreign exchange that projects a bright future for the local industry.
Context for international readers: Vaca Muerta is a massive shale rock formation located in the Patagonian province of Neuquén, covering an area of about 30,000 square kilometers. It is considered one of the largest unconventional oil and gas reserves in the world.
YPF (Yacimientos Petrolíferos Fiscales, Argentina's state-owned energy company) remained the primary operator of the formation, marking a new fracking record during June 2026. Meanwhile, the company Pluspetrol achieved outstanding growth that allowed it to displace Vista from second place in the activity ranking, showcasing a dynamic and highly competitive market.
Sector data indicates that in May 2026, shale oil production reached 622,700 barrels per day, representing a 39% year-on-year increase. The total projected investment for 2026 in the sector is USD 13,890 million, of which 91% is allocated to unconventional extraction.
For those unfamiliar with the oil industry, hydraulic fracturing (or fracking) is a technique used to extract oil or gas trapped in low-permeability rocks, such as shale. Fluid is injected at high pressure to create small fractures in the rock, allowing hydrocarbons to flow to the well. Each frac stage represents a section of the well that has been stimulated this way.
The sustained growth of Vaca Muerta is also favored by the Large Investment Incentive Regime (RIGI), a legal framework offering tax and foreign exchange stability to large-scale projects. Sector experts note that this regime allows savings of USD 3 to 4 per barrel in production costs, making the basin even more competitive internationally and attracting multimillion-dollar investments.
Sources consulted: Minuto Neuquén, Neuquén Al Instante.
Alfredo S. Quiroga
