Insight
Argentina trip notes: an update of development activities in Vaca Muerta and key challenges
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Argentina's Vaca Muerta shale play is experiencing a transformative period driven by major pipeline infrastructure developments and favourable policy reforms. However, the region faces a critical mismatch between expanding evacuation capacity and production capabilities. In December 2025, we spent five days in Argentina gathering notes and capturing local learnings to incorporate into our models and research.
Table of contents
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Executive summary
- 1. New evacuation capacity likely to be underutilized
- 2. Northern hub needs to ramp up infrastructure buildout
- 3. LNG momentum builds, but increasing associated gas production must be addressed
- 4. M&A activity growing in the wake of more attractive policies
- 5. Operators’ ability to grow faster will depend on oilfield services availability
Tables and charts
This report includes the following images and tables:
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Existing and planned evacuation pipelines from Vaca MuertaCrude available for export and wells completed requirementArgentina LNG project phasesRecent transactions' consideration per acre
What's included
This report contains:
