Continental Resources agreed to take 50% of Mercuria's Phoenix Global Resources, with over US$4 billion planned for Argentina's Vaca Muerta shale.
Argentina · Energy
Key Facts
—The deal Continental Resources signed a heads of agreement to take a 50% interest in Phoenix Global Resources, creating a 50/50 venture with Mercuria Energy Group.
—The money More than US$4 billion of capital is expected over five years. That is a joint plan by the venture, not a purchase price.
—The price No transaction value was disclosed by either side.
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