#YPF

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.

Sergio Mengoni, managing director and country chair of TotalEnergies in Argentina, with Horacio Marín, chairman and CEO of YPF.
Technical training

The Vaca Muerta Institute adds TotalEnergies as a new partner

Looking toward 2030, projected growth at Vaca Muerta could generate up to 50,000 new jobs, and the Vaca Muerta Institute is positioned as an industry-driven training option to develop upstream specializations in controlled environments.