- CEO
- Miguel Matias Galuccio
- Full Time Employees
- 528
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Pedregal 24 Mexico City DF Mexico 11040
- IPO Date
- Mar 8, 2021
- Business
- Vista Energy, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA; OTC: VSOGF) is a Mexico-based independent oil and gas exploration and production company primarily focused on developing unconventional shale resources in Argentina's Vaca Muerta formation within the Neuquina Basin. Founded in 2017 and headquartered in Mexico City at Torre Mapfre, Avenida Paseo de la Reforma 243, the company produces light crude oil for domestic refineries and international exports, natural gas for industrial consumers, power generation, and petrochemical sectors, and liquefied petroleum gas (LPG), with principal operations in Argentina supplemented by producing assets in Mexico. Vista employs advanced horizontal drilling and multi-stage hydraulic fracturing techniques on multi-well pads to optimize recovery from its core assets, including the Bajada del Palo Oeste block and Entre Lomas concession, achieving low lifting costs below $5 per barrel of oil equivalent and record production levels exceeding 127,000 barrels of oil equivalent per day (Mboe/d) in Q3 2025 on a pro forma basis. The company targets Latin American markets, exporting significant oil volumes to access global Brent benchmarks while managing domestic sales amid Argentina's economic dynamics, and maintains a strong balance sheet with net debt to adjusted EBITDA below 1.0x. In April 2025, Vista completed a transformative $1.2 billion acquisition of Petronas E&P Argentina S.A. (PEPASA), securing a 50% working interest in the 46,594-acre La Amarga Chica concession operated by YPF S.A., which added approximately 40,000 boe/d of production (71% oil), 140 million barrels of oil equivalent in P1 reserves, 200 ready-to-drill locations, and substantial midstream capacity including 57,000 bbl/d oil transportation, enhancing scale to pro forma Q4 2024 output of 125,000 boe/d, bolstering free cash flow, and creating operating synergies adjacent to its development hub. This deal, financed via cash, deferred payments, and 7.3 million ADSs, followed a $675 million 2024 acquisition of Pampa Energía and Pluspetrol assets in Vaca Muerta, driving 55.7 million boe reserve additions and positioning Vista as Argentina's second-largest Vaca Muerta oil producer and third-largest national oil producer in 2024. Recent Q3 2025 results reflect pro forma P1 reserves of 519 million barrels of oil equivalent as of December 2024 and LTM adjusted EBITDA of $1.752 billion, underscoring accelerated growth, portfolio diversification in the black oil window, and commitment to operational excellence, sustainability, and shareholder value in a low-breakeven, high-margin profile.