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Vista Energy, S.A.B. de C.V. (NYSE:VIST; BMV:VISTA) announced Monday an estimated 143 million barrels of oil equivalent (MMboe) in proved (P1) reserves from its 50% interest in the La Amarga Chica concession in Argentina. This announcement follows the company’s recent acquisition of Vista Energy LACH S.A., formerly Petronas E&P Argentina S.A. (PEPASA), which holds a 50% non-operated working interest in the concession.
The reserves include 188 net proved well locations, with 122 classified as proved developed and 66 as proved undeveloped. As of December 31, 2024, the estimated future net cash flows for PEPASA’s interests in these reserves, discounted at 10% per annum, are valued at $2.037 billion.
Vista’s total net proved reserves, calculated on a pro forma basis to include the PEPASA acquisition, amounted to 518.5 MMboe as of December 31, 2024. The future net cash flows attributable to these reserves, discounted at 10% per annum, are estimated at $6.069 billion.
In terms of production, PEPASA’s working interest in La Amarga Chica reported oil production of 29,837 barrels per day (bbl/d) in Q1 2025, up 3% from the same period in 2024. Natural gas production was 3,787 barrels of oil equivalent per day (boe/d), a 4% increase from Q1 2024.
The financial update, based on a press release statement, includes unaudited pro forma financial data reflecting the PEPASA acquisition. For the three-month period ending March 31, 2025, Vista Argentina and PEPASA’s combined revenue from contracts with customers totaled $652.391 million. The adjusted EBITDA margin for the period stood at 69%.
The information, derived from an SEC filing, reveals that Vista Energy continues to expand its footprint in the energy sector, particularly in Argentina. The company’s strategic acquisition of PEPASA enhances its asset base and operational capabilities in the region.
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