Continental Resources partners with PAE on four Vaca Muerta blocks

Core Viewpoint - Continental Resources has entered into an asset sale and purchase agreement with Pan American Energy to acquire non-operating stakes in four blocks in Argentina's Vaca Muerta shale play, aiming to leverage its experience in unconventional resource development [1][2]. Group 1: Company Strategy and Goals - The company aims to utilize its technical skills and experience from the US to explore opportunities in Vaca Muerta, which is considered one of the most compelling shale plays globally [2]. - Continental Resources plans to combine non-operated participation with operated development to maximize the potential of Argentina's unconventional resources [3]. Group 2: Collaboration and Knowledge Exchange - The collaboration with Pan American Energy involves sharing insights on completion design, development planning, infrastructure, market pathways, operating practices, and subsurface characterization [4]. - The strategic relationship is intended to accelerate the development of the four areas in the Neuquén Basin [4]. Group 3: Expansion and Previous Agreements - This deal represents an expansion of Continental Resources' presence in the Vaca Muerta region, following a previous agreement in November 2025 for operated interests in the Los Toldos II Oeste block [5]. - Under the November 2025 agreement, Continental Resources acquired a 90% working interest in the Los Toldos II Oeste block, with Gas y Petróleo de Neuquén retaining a 10% stake [6]. Group 4: Production and Operational Metrics - In 2025, Continental Resources produced approximately 500,000 barrels of oil equivalent per day and operated over 5,200 wells, with nearly three billion barrels equivalent of captured resources [7].