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Vista Boosts Production at Vaca Muerta

OIL

Mexican firm Vista Energy said Feb. 16 that its proven reserves at the Vaca Muerta shale formation in Argentina increased by 27% in 2023 while daily production grew by 14% in Q4, according to Reuters.

  • Vista is Argentina’s second largest shale producer behind YPF and recorded proven reserves of 318.5m boe as of Dec. 31.
  • Vista’s average daily production from Vaca Muerta was 56,353 boe/d in Q4, up 14% on Q3. Output growth was attributed to 11 new wells in the Bajada del Palo Oeste block.
  • Vista aims to raise output to 100k boe/d by 2026 and 150k boe/d by 2030.
  • Oil output form the province of Neuquen, the location of Vaca Muerta, hit a record of 381.4k b/d in December. Vaca Muerta is the world’s second-largest shale gas reserve and the fourth-largest shale oil reserve.
Energy BulletsCommodities
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