US EditionHarold Hamm’s Continental Resources To Buy Oil Assets In Argentina
Continental Resources expands its footprint in the Vaca Muerta shale with Pan American Energy's non-operated stakes in four blocks, leveraging fracking expertise in Argentina.
- Bloomberg reported on Monday that Continental Resources will buy Pan American Energy's non-operated interests in four Vaca Muerta blocks, expanding its presence in Argentina's Neuquén Basin.
- Continental says the deal aligns with its push to evaluate global opportunities and strengthen its footprint in world-class unconventional basins, taking a long-term view of resource development and enabling shared subsurface characterization and development planning with Pan American Energy.
- Continental's track record shows it pioneered fracking, went private under Harold Hamm in 2022, and reported 500,000 BOEPD, nearly 3 billion barrels equivalent, and more than 5,200 operated wells.
- Continental said the deal is a milestone that advances its momentum in Vaca Muerta, with Lawler adding `These recent transactions in Argentina strengthen Continental's long-term value strategy: participating in world-class resources here and abroad, accelerating basin learning through ongoing development exposure, and applying that knowledge to drive robust results over time`.
- Vaca Muerta is projected to reach 1 million barrels per day by 2030, while Argentina, Brazil and Guyana are expected to supply nearly 60% of new oil capacity by then.
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Harold Hamm’s Continental Resources To Buy Oil Assets In Argentina
Billionaire Harold Hamm’s Continental Resources will buy assets from Argentina’s Pan American Energy, Bloomberg reported on Monday, in the latest development in the company’s push into the Vaca Muerta shale basin. Continental has agreed to buy Pan American’s non-operating interests in four oil blocks from. The Oklahoma City-based company is regarded as one of the pioneers of hydraulic fracturing and horizontal drilling led to the U.S. shale rev…
The company founded by US tycoon Harold Hamm, considered a pioneer in the development of non-conventional production (shale) in the United States, continues to expand its presence in Argentina. Following the recent purchase of oil assets from Pluspetrol, Continental Resources announced a partnership with Pan American Energy (PAE) to accelerate the development of four oil blocks in Vaca Muerta.The US company will acquire 20% of the share of PAE i…
PR Newswire
Continental Resources Expands Vaca Muerta Position Through Agreement With Pan American Energy
/PRNewswire/ -- Continental Resources today announced it has signed an Assets Sale and Purchase Agreement with Pan American Energy (PAE) to acquire certain...
Continental Resources expands Vaca Muerta position through Pan American Energy agreement
(World Oil) – Continental Resources has signed an asset sale and purchase agreement with Pan American Energy to acquire non-operated interests in four blocks within Argentina’s Vaca Muerta shale play, further strengthening its footprint in one of the world’s most prolific unconventional basins. The assets are located in the Neuquén basin and will remain operated by Pan American Energy. Financial terms of the transaction were not disclosed. The ag
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