#Pan American Energy

The leading producer, employer, and private investor in Argentina’s energy sector. It is an integrated company spanning Upstream, Midstream, Downstream, and renewable energy.

Headquartered in Buenos Aires (CABA), Comodoro Rivadavia (Chubut), and Neuquén. Regional operations in Mexico, Brazil, Bolivia, Uruguay, and Paraguay.

Harold Hamm, fundador de Continental Resources.
Non-Conventional Hydrocarbon Exploitation Concession

Río Negro Formalizes Continental Resources Entry Into PAE-Operated Loma Guadalosa Block

Decree 447/26 authorizes Pan American Energy to transfer 13% of its working interest to Continental Resources Argentina S.A.U. The final structure leaves PAE with 52% as operator, Continental with 13%, and Tango Energy with 35%. It is the first formal closing of the January framework, ahead of pending approvals on three Neuquén blocks.

The US shale industry experienced its first projected contraction since the boom
Drill, Baby, Drill

The White House Pushed the Majors to Drill. The Permian Did Not Move — U.S. Shale Has Stopped Responding to Price

U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum convened a 45-minute call with the CEOs of ExxonMobil, Chevron, Occidental Petroleum and Continental Resources. The U.S. rig count has fallen to 543, the Permian is holding at 242, and independent producers plan flat 2026 capital expenditure. For Argentina, the read-through runs through capital: when price-drilling elasticity breaks in the dominant basin, rotation into Vaca Muerta stops being an optional bet.

“We saw a clear opportunity in a market where demand is growing and supply is almost entirely concentrated in Neuquén,” said Diego Trabucco.
Shift in plans

Nova Energy adds 24 rigs in DLS Archer deal, eyes growth strategy

The company, created by Aconcagua Energía together with Patagonian partners, is betting on the San Jorge Gulf Basin as a growth platform and is preparing to enter the unconventional segment. The strategic deal adds a significant portfolio of 24 rigs, including drilling, workover, pulling and specialized service units.

Cerro Dragón has already begun the process of becoming a new hub largely focused on shale production, something new in the basin.
The Alberta model that Torres is replicating

Is there shale in the “D-129 planet”? YPF exits conventional operations in Chubut but leaves the door open for a return

The transfer of Manantiales Behr to PECOM Servicios Energía S.A.U. has already been approved by the board and is pending before the provincial authorities. Even so, Horacio Marín announced in New York that the company is not closing the door on unconventional development in Chubut. The regulatory mechanism that would enable that already exists, and Pan American Energy activated it in Cerro Dragón.