Continental Resources partners with PAE on four Vaca Muerta blocks

Continental Resources has entered into an plus merchantability and acquisition statement with Pan American Energy (PAE) to get non-operating stakes successful 4 blocks successful Argentina’s Vaca Muerta shale play successful the Neuquén Basin.

The fiscal presumption of the woody were not disclosed by Continental, a US-based unconventional assets developer.

Located successful bluish Patagonia, the Neuquén Basin is recognised for its divers resources. For respective years, the portion has been exploited for its lipid and earthy state deposits.

Continental Resources aims to leverage its acquisition and method skills developed implicit decades successful the US to research opportunities astatine Vaca Muerta.

President and CEO Doug Lawler said: “Vaca Muerta is 1 of the astir compelling shale plays successful the world, and we are thrilled to proceed to put successful Argentina and physique Continental's presumption done this statement with Pan American Energy.

“PAE is simply a highly susceptible relation with heavy basin experience. We are anxious to larn from PAE and stock Continental's unconventional expertise to beforehand the Vaca Muerta.”

The company's strategy involves combining non-operated information with operated improvement to pat into Argentina's sizeable unconventional resources.

The collaboration involves Continental Resources and PAE exchanging insights into completion design, improvement planning, infrastructure, marketplace pathways, operating practices and subsurface characterisation.

PAE CEO Marcos Bulgheroni said: “This strategical narration with 1 of the starring autarkic lipid and state companies successful the United States aims to accelerate the improvement of the 4 areas successful some provinces.

“As a non-operating owner, Continental volition lend its know-how successful de-risking, improvement and operational efficiency, with the extremity of unlocking the tremendous unconventional resources our state possesses.”

This woody marks an enlargement of Continental Resources’ beingness successful the Vaca Muerta region, pursuing a akin statement signed successful November 2025 for operated interests successful the Los Toldos II Oeste block.

Under the presumption of the November 2025 deal, Continental Resources agreed to acquisition a 90% moving involvement successful the Los Toldos II Oeste artifact from Pluspetrol.

Continental volition enactment arsenic the concession’s operator, portion Gas y Petróleo de Neuquén volition support the remaining 10% stake, successful enactment with the established regulatory improvement model successful the Neuquén Basin.

In 2025, Continental Resources’ produced astir 500,000 barrels of lipid equivalent per time (boepd), adjacent to 3 cardinal barrels equivalent of captured resources, and operated much than 5,200 wells.