In this article, we comprehensively reviewed Argentina’s Vaca Muerta formation, which encompasses a geological overview, advances in extraction technologies, the potential environmental impact, and economic analysis. Detailed geological analysis is discussed, emphasizing the stratigraphy, lithology, and depositional environments of the formation, which is crucial for understanding the distribution and quality of hydrocarbon resources. The latest advancements in hydraulic fracturing and horizontal drilling are explored, which have significantly improved efficiency and increased recoverable resources. The environmental implications of these extraction methods are critically examined. This includes a discussion of the necessity of sustainable practices in hydrocarbon extraction, highlighting the balance between resource development and environmental stewardship. The economic viability of the Vaca Muerta formation is analyzed, with a focus on cost-effectiveness, market trends, and investment patterns. This section assesses the formation’s potential as a profitable venture and its impact on the global energy market. Finally, the review anticipates future technological and policy developments. The strategic importance of the Vaca Muerta formation in the global energy sector is underscored, and its potential role in shaping future hydrocarbon exploration and production strategies is examined. In short, this essay not only presents data and findings, but also contextualizes them within the broader scope of energy production, environmental sustainability, and economic viability. This comprehensive approach provides a multi-faceted understanding of the Vaca Muerta formation’s significance in the global energy landscape.