AcquisitionsMay 7, 2026, 04:25 PM
Vista Energy Closes $712M Acquisition of Equinor's Vaca Muerta Assets
AI Summary
Vista Energy announced the successful completion of its acquisition of Equinor's assets in Vaca Muerta. The transaction involved a 25.1% non-operating working interest in the Bandurria Sur block and a 35.0% non-operating working interest in the Bajo del Toro block for a total purchase price of US$712 million. The payment included an upfront cash component of US$387 million and the delivery of 6,223,220 American Depositary Shares, along with an additional US$131 million for various adjustments. Vista will consolidate the results of these blocks in its financial statements starting May 1, 2026, and plans to update its 2026-2028 guidance and 2030 vision on May 11, 2026.
Key Highlights
- Acquired a 25.1% non-operating working interest in the Bandurria Sur block.
- Acquired a 35.0% non-operating working interest in the Bajo del Toro block.
- Total purchase price for the transaction was US$712 million.
- Upfront cash payment, including tax gross-ups, was US$387 million.
- Issued 6,223,220 American Depositary Shares as part of the consideration.
- Paid an additional US$131 million for customary adjustments.
- Bandurria Sur block produced 20.7 Mboe/d (Vista's interest) in Q1-26.
- Bajo del Toro block produced 1.9 Mboe/d (Vista's interest) in Q1-26.