In May 2018, local sources reported that Pan American Energy (PAE) has completed the Coiron Amargo Sur 14R H new-field wildcat (NFW) in April 2018 as an oil well in Coiron Amargo Sur Este (CASE) block after it tested 628.4 bo/d from the Vaca Muerta Formation shale. The horizontal well was spudded in October 2017 and reached the total depth (TD) of 4,804 m (15,761 ft) in November 2017.  The CASE block covers 246 sq km of land in the Neuquen Embayment of Neuquen Basin.    PAE operates the block with 55% equity, with partners Madalena Energy at 35% and provincial company GyP Neuquen with 10% interest.  Background Information    In January 2017, Madalena transferred 55% working interest and operatorship in CASE block to PAE at the cost of USD ten million.
Pan American Energy (PAE) has completed the Coiron Amargo Sur 14R H new-field wildcat (NFW) in April 2018 as an oil well in Coiron Amargo Sur Este (CASE) block after it tested 628.4 bo/d from the Vaca Muerta Formation shale. 