Story perspectives
Argentina's Energy Boom Stalls Amid Price Declines, Reforms Needed
10/8/2025
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Story summary
- Drilling and fracking in Argentina's Vaca Muerta slowed due to price declines.
- Costs in Vaca Muerta run 35-40% above the U.S. Permian.
- Wells declined three consecutive months, suggesting production may miss projections.
- President Javier Milei's plan to double energy exports to $30 billion by 2030 stalls.
- Majors urge currency controls and labor reforms as ExxonMobil scales or sells assets.
