Argentina's oil industry is experiencing an increase in investment under the incentive regime, known as the Régimen de Incentivo para Grandes Inversiones (RIGI). This includes expansion in the eastern side of the Patagonian shale formation and a new asset in another area that Phoenix is close to acquiring. Approximately $1 billion has already been deployed since the RIGI took effect in 2024, with the remainder spread across a multi-year capital program. This decision has led to a wave of filings, with Tecpetrol and Pampa Energía also announcing multi-billion-dollar submissions. The RIGE offers tax benefits that directly improve shale economics and legal guarantees protecting companies from political interventions. The $6 billion commitment represents a significant bet that the Milei framework will hold.