Argentina’s oil production from conventional sources is declining, with drops reaching as much as 50% in some areas. This downturn is a consequence of significant investment shifting towards shale oil extraction in Neuquén province. Consequently, provinces reliant on traditional oil production, particularly Chubut and Santa Cruz, are experiencing reduced output, job losses, and decreased royalty revenues. The focus on shale has overshadowed conventional oil fields, leading to economic difficulties in regions dependent on them. Experts suggest this imbalance poses a threat to the overall stability of Argentina’s oil sector and regional economies. The shift highlights a growing disparity in oil revenue distribution across the country. This situation raises concerns about the long-term sustainability of oil-dependent provincial economies.