Vista Energy, the company founded and directed by Miguel Galuccio, today presented to the market the results of the first quarter of 2025 in which it registered A 47% increase in its total hydrocarbons production Focused on the unconventional formation of Vaca Muerta, with respect to the same period last year, which allowed him to add 38% higher income.
But beyond the results of the beginning of the year, the company has just starred in one of the most relevant agreements in the hydrocarbons sector by announcing the acquisition of the participation of the Malaysian Petronas in the La Amarga Chica block, which becomes The largest independent producer of oil from the country.
This operation will consolidate the company as the country’s second operator, only behind YPF, and Possibly this 2024 becomes the first export of Argentina’s oil from Vaca Muertabefore the retraction planned by YPF following its divestment in mature fields, which will force to compensate for that temporary production of production.
Thus, he will achieve one Daily hydrocarbon production to 120,000 equivalent barrels of oil towards the end of the year, in a formation in which more than US $ 6,000 million has been invested since the beginning of its operations in 2018.
Vista, in the previous agreement by Petronas had averaged An average production of 1T 2025 of 80.9 barrels equivalent daily (BOE/D), an increase of 47% year -on -year, which reflected the performance of the shale with the connection of 49 new wells in the last twelve months.
In sequential terms, production decreased 5% contre the 4T of 2024, given that the company delayed the activity to optimize the use of the expansion of the Oldelval pipeline and minimize transport by trucks.
View and a strong production jump in Vaca Muerta
Galuccio company’s oil production was 69.6 bbl/d for 1T 2025, An interannual increase of 47% and a 5% decrease compared to 4T 2024, while the production of natural gas was 1.70 mmm3/d, an increase of 42% year after year and a 6% decrease compared to 4T 2024.
From this productive performance, Total income of the first quarter of 2025 AU $ S438.5 million amounted, that is, 38% above the same period of 2024, mainly driven by growth in oil production. Net income from oil and gas exports reached US $ 222.3 million, equivalent to 53% of the total.
Finally, the adjusted Ebitda was US $ 275.4 million, which represented an interannual increase of 25%, mainly driven by the growth of production. As part of that performance, the key data for the industry was that the Lifting cost in the first quarter of the year was US $ 4,7 per barrel Petroleum equivalent, without variations with respect to the previous quarter.
The Total Vista Investments During the 1T 2025 they were US $ 268.5 million, of which the company invested US $204 million in the drilling, completion and reintervention of wells in Vaca Muerta -mainly in the drilling of 16 wells and the completion of 10 wells -other US $ 49 million in Yu $ S15 million surface facilities in studies, IT projects and other investments.
The purchase of a Petronas key asset
On April 15, Vista announced the Purchase of 100% of Petronas E & P Argentina’s share capitalwhich has a 50% participation in the unconition of hydrocarbons the bitter girl, located in Vaca Muerta and in which YPF is a partner with the other 50%.
The purchase price of The operation consists of US $ 900 million in cash already accredited, other US $ 300 million in deferred payments in cash without interest and the transfer of 7.3 million of the serial shares by view.
The bitter girl extends over 46,594 acres in the Vaca Muerta oil window, as of December 31, 2024, had 247 wells in productionand at the close of the last quarter it produced 79,543 BOE/D (100% participation), of which 71,471 BBL/D were oil.
Vista estimated that the block It could potentially have 400 new wells of wells For drilling in its inventory at 100% participation, but also the Malaysian company had an important transport and dispatch capacity in Midstream facilities.
In the Oldelval pipelines He transferred a total of 36,140 BBL/D composed of Open Access capacity for 18,806 BBL/Dy transport capacity hired in duplication for 17,334 BBL/D. In the Northern Muerta Vaca Pipeline, the contracted transport capacity is 20,756 BBL/D, and at the end of Oiltanking, the dispatch capacity with export destination is 27,080 bbl/d.
