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#Harbour Energy

Company reports and comments by CEO Linda Cook confirm the successful results.
More fracking in Neuquén

Shale oil at San Roque: Harbour Energy confirms four successful wells in Vaca Muerta, awaits Neuquén government approval for unconventional developmen

The four-well pilot in the shale oil window—carried out in partnership with TotalEnergies as operator—confirmed commercially viable production. It involved horizontal wells with hydraulic fracturing in the oil window, a liquids-rich shale zone distinct from the dry gas window that dominates other areas of the formation.

Equity analysts see Pan American Energy well positioned to capture growth in Vaca Muerta in a more demanding financial environment.
Investments

PAE kicks off 2026 with $375 million bond at 7.75% to fund Vaca Muerta and LNG

With a focus on shale development and the LNG project, the proceeds will be used to support the company’s aggressive investment plan in Argentina and to refinance existing liabilities. The bond, with an implied 11-year maturity and principal repayments in three annual installments starting in year nine, saw solid demand that allowed it to be priced in the middle of the initial book range of $300 million to $500 million.

Projects under RIGI: Investment commitments already exceed $24.8 billion in strategic projects, particularly in energy and mining.
Energy and mining investments

RIGI map: Approved projects and those still pending for 2026

With a portfolio that already exceeds 27 submitted projects and investment commitments topping $33 billion, extending the deadline to 2027 could unlock additional investment and new projects, further expanding the country’s energy and mining frontier.