Phoenix Global Resources
Phoenix Global Resources is an independent upstream oil and gas exploration and production company focused on developing unconventional shale assets in Argentina's Vaca Muerta basin, with current production of 22,000 bpd and a $6 billion expansion plan targeting 260% growth by decade-end.
- Company typePrivate
- Founded2004
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Phoenix Global Resources does
Phoenix Global Resources is an independent upstream oil and gas exploration and production company focused on developing unconventional shale resources in Argentina's Vaca Muerta formation, one of the world's largest shale gas deposits. The company operates a portfolio of both operated and non-operated assets across three Argentine provinces — Neuquén, Río Negro, and Mendoza — with core operated blocks including Mata Mora Norte y Sur and Confluencia Norte y Sur in Vaca Muerta, alongside the non-operated Refugio Tupungato asset in Mendoza. Its technology stack centers on horizontal well drilling and shale extraction techniques, supported by an inventory of horizontal wells to be developed in the Vaca Muerta formation and 2P net reserves disclosed as of December 2024. The company maintains offices in Buenos Aires, Neuquén, Mendoza, and London.
Phoenix generates revenue from crude oil and gas production sales commercialized globally through its parent Mercuria Energy Trading's network, which operates in more than 50 countries. Pricing follows global commodity benchmarks and is not publicly disclosed, with production sold through Mercuria's off-take infrastructure. Current production stands at 22,000 barrels per day, and the company has announced an ambitious $6 billion expansion plan targeting 260% production growth to over 80,000 bpd by decade-end, including development of the eastern flank of Patagonia's shale fields and a potential new asset acquisition. Phoenix is approximately 90% owned by Mercuria Energy Group following a 2022 take-private transaction, with reported further acquisition involvement by SunCoke Energy in 2025.
Phoenix Global Resources firmographics
Firmographics- Name
- Phoenix Global Resources
- Legal name
- Phoenix Global Resources Plc
- Website
- https://phoenixglobalresources.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Phoenix Global Resources is an independent upstream oil and gas exploration and production company focused on developing unconventional shale assets in Argentina's Vaca Muerta basin, with current production of 22,000 bpd and a $6 billion expansion plan targeting 260% growth by decade-end.
- Ownership category
- akta.pro rank
Phoenix Global Resources industry classification
Industry- Product category
- Upstream Oil and Gas Exploration & Production
- NAICS
- Crude Petroleum Extraction (211120), Natural Gas Extraction (21113), Natural Gas Extraction (211130)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Crude Oil & Refined Products Trading & Marketing (EUAGAAAD)
- akta.pro secondary industry
- Natural Gas Marketing & Asset Optimization (Storage, Transport, Hub Services) (EUAGAGAC)
Keywords
Where Phoenix Global Resources is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
Phoenix Global Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Infrastructure, Supply Chain
Revenue model
- Oil and Gas Production Sales: Revenue generated from crude oil and gas production sales. The company currently produces 22,000 barrels per day with targets to grow production by 260% by decade end. Oil is sold as a commodity to global markets through parent company Mercuria's trading operations.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Phoenix Global Resources product offering
Product offeringCore offering
Phoenix Global Resources is an upstream oil and gas exploration and production company operating in Argentina's Neuquén, Río Negro, and Mendoza provinces, with a portfolio anchored in the Vaca Muerta shale formation. It develops operated and non-operated unconventional assets including the Mata Mora Norte y Sur and Confluencia Norte y Sur areas, alongside the non-operated Refugio Tupungato block in Mendoza. Crude oil and gas production is sold through its controlling shareholder Mercuria Energy Trading's global commercialization network.
Product overview
Phoenix Global Resources is an energy company focused on oil and gas exploration and production in Argentina. The company operates a portfolio of operated and non-operated assets across three provinces (Neuquén, Río Negro, and Mendoza), with its core operations anchored in the Vaca Muerta shale formation. The company's primary products include the Mata Mora Norte y Sur and Confluencia Norte y Sur operated areas, supplemented by non-operated assets in Mendoza (Refugio Tupungato). Supporting the core E&P operations are an Operational Excellence Program with 10 Life-Saving Rules for safety, and a Sustainability/Community Engagement initiative with investments in education, safety, and health. Phoenix is approximately 90% owned by Mercuria Energy Trading and is pursuing a $6 billion expansion plan targeting 260% production growth by decade-end.
Differentiator
Problem solved
Functional benefit
Products and services
- Crude Oil and Natural Gas Production Upstream exploration and production of crude oil and natural gas from operated and non-operated assets in the Neuquén, Río Negro, and Mendoza regions of Argentina, with the core portfolio anchored in the Vaca Muerta shale formation. Sales volumes reach international energy commodity markets through Mercuria Energy Trading's global commercialization network.
Quantifiable outcome
- 260% production growth target from 22,000 bpd to over 80,000 bpd by decade end
- +1 more outcomes
Companies that use Phoenix Global Resources
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Phoenix Global Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Phoenix Global Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Vaca Muerta Hydrocarbon Operators ConsortiumcoreEleven of Argentina's main hydrocarbon operators including Phoenix have joined a trust fund to finance road infrastructure projects in Neuquén province. The initiative targets five projects totaling 51km on provincial routes 7, 8, and 51 near Añelo to address traffic bottlenecks created by increased shale development activity. This addresses the main infrastructure constraint for the region.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Phoenix Global Resources competitors and assessment
Company assessmentDirect peers
- Compañía General de Combustibles (CGC): Argentine E&P company operating in Neuquén Basin including Vaca Muerta; comparable as an Argentina-focused upstream operator with overlapping asset base.
- Vista Energy: Independent Argentine E&P concentrated on Vaca Muerta unconventional oil production with both operated and non-operated acreage; highly comparable as a publicly listed Vaca Muerta pure-play targeting liquids growth from shale.
- Tecpetrol: Techint Group's E&P subsidiary and a major Vaca Muerta operator (Fortín de Piedra); comparable as a large-scale Argentine unconventional gas and liquids producer backed by an industrial parent.
- Pluspetrol: Privately-held Argentine E&P with significant Vaca Muerta and conventional acreage; comparable as a privately-held, integrated Argentine producer targeting unconventional growth.
- YPF S.A. Argentina's dominant state-integrated oil and gas producer with the largest Vaca Muerta position; directly comparable as the premier upstream operator in the same basin where Phoenix operates.
Broad incumbents
- ExxonMobil Argentina: IOC with Vaca Muerta pilot acreage and unconventional development experience globally; comparable as an international major pursuing shale production in the same basin.
- Shell Argentina: IOC with Vaca Muerta acreage (Sierras Blancas, Cruz de Lorena); comparable as an international major operating unconventional shale acreage in the same Argentine basin.
- Pampa Energía: Integrated Argentine energy company with upstream, midstream, power generation and downstream; comparable through its Vaca Muerta upstream operations while being broader in scope.
- Total Austral (TotalEnergies): TotalEnergies' Argentine subsidiary operating conventional gas and Vaca Muerta assets; comparable as an IOC operator with overlapping Neuquén Basin footprint.
- Chevron Argentina: Subsidiary of Chevron operating in Vaca Muerta (El Trapial block); comparable as an IOC participating in the same play with conventional horizontal drilling expertise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Phoenix Global Resources social profiles
Digital presencePhoenix Global Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Phoenix Global Resources leadership team
Management profileNumber of profiles
Profiles1 record
Phoenix Global Resources funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Phoenix Global Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Phoenix Global Resources
What does Phoenix Global Resources do?
Phoenix Global Resources is an upstream oil and gas exploration and production company operating in Argentina's Neuquén, Río Negro, and Mendoza provinces, with a portfolio anchored in the Vaca Muerta shale formation. It develops operated and non-operated unconventional assets including the Mata Mora Norte y Sur and Confluencia Norte y Sur areas, alongside the non-operated Refugio Tupungato block in Mendoza. Crude oil and gas production is sold through its controlling shareholder Mercuria Energy Trading's global commercialization network.
Is Phoenix Global Resources a public or private company?
Phoenix Global Resources is a private company. It is classified as corporate owned and is currently operating.
When was Phoenix Global Resources founded?
Phoenix Global Resources was founded in 2004. It employs 101 to 250 people.
Where is Phoenix Global Resources based?
Phoenix Global Resources is headquartered in London, United Kingdom, in the Europe region.
How does Phoenix Global Resources make money?
One revenue line is on record: oil and Gas Production Sales.
Who are Phoenix Global Resources's main competitors?
Direct peers on record are Compañía General de Combustibles (CGC), Vista Energy, Tecpetrol, Pluspetrol and YPF S.A.. Broad incumbents are ExxonMobil Argentina, Shell Argentina, Pampa Energía, Total Austral (TotalEnergies) and Chevron Argentina.
Does Phoenix Global Resources have an API?
No public API is recorded for Phoenix Global Resources.
What industry is Phoenix Global Resources in?
Phoenix Global Resources's product category is Upstream Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUAGAAAD, Crude Oil & Refined Products Trading & Marketing, with a secondary code of EUAGAGAC, Natural Gas Marketing & Asset Optimization (Storage, Transport, Hub Services). Its NAICS code is 211120 and its SIC code is 1311.