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US Giants Bet Big on Argentina’s Shale Boom | Argentina News
Continental Resources and Mercuria Energy are teaming up for a $4 billion bet on Argentina’s booming shale oil sector, forming a 50-50 joint venture to triple output in Vaca Muerta within five years—fueling what’s becoming the world’s fastest-growing shale boom thanks to President Milei’s bold free-market reforms. This move also brings in Integra Capital, while Peter Thiel’s recent stake in Vista Energy signals broader US interest. Mercuria, already active since 2017, is expanding further with a $1.4 billion refinery and gas station deal. Continental, the first U.S. shale player to enter…
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