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Continental Resources Joins a US$4 Billion Argentina Shale Venture

Harold Hamm's Continental Resources will take half of Mercuria-controlled Phoenix Global Resources, in a Vaca Muerta venture planning more than US$4 billion of investment over five years.

  • Continental Resources invests $4 billion over five years in Argentina shale venture.
  • Joint venture acquires 50% stake in Phoenix Global Resources, majority-owned by Mercuria.
  • Investment aims to increase production from 28,000 to over 100,000 barrels per day.

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