Vista Reports 39 per cent Annual Increase in Total P1 Reserves

Source: www.gulfoilandgas.com 2/13/2023, Location: South America

Vista Energy, S.A.B. de C.V. (“Vista” or the “Company”) (NYSE: VIST; BMV: VISTA) today reported its estimated certified proved ("P1") oil and gas reserves as of December 31, 2022, which showed a 39% year-over-year increase, for a total of 251.6 million barrels of oil equivalent (MMboe). P1 reserves additions totaled 87.8 MMboe, implying a reserves replacement ratio of 495%. The proved oil and gas reserves in Vista’s flagship Bajada del Palo Oeste project were estimated at 186.4 MMboe.

Average daily production during Q4 2022 was 54,718 boe/d, a 33% increase year-over-year. Oil production was 45,745 bbl/d during Q4 2022, an interannual increase of 41%. Total production in 2022 averaged 48,560 boe/d, a 25% increase year-over-year, of which oil production was 40,078 bbl/d, reflecting an interannual increase of 32%.

The estimated certified future net cash flows attributable to Vista’s interests in the P1 reserves as of December 31, 2022, evaluated using the regulations established by the SEC1 and discounted at 10% per annum, were 3,241 $MM in 2022, which more than doubled from 1,537 $MM in 2021.

“Our year-on-year growth continues to reflect the quality of our core Vaca Muerta acreage and demonstrates our ability to generate organic and profitable growth”, commented Miguel Galuccio, Vista’s Chairman and CEO, and added: “The increase in P1 reserves is a consequence of our continuous good results in Bajada del Palo Oeste, as well as the ramp-up of our development in the newly acquired Aguada Federal block”.


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