VistaEnergy
Vista Energy is a Latin American upstream oil and gas producer focused on unconventional shale development in Argentina's Vaca Muerta formation, holding roughly 257,000 net acres, producing 134.7 Mboe/d in Q1 2026, and dual-listed on NYSE (VIST) and BMV (VISTA).
- Company typePublic
- Founded2017
- HeadquartersLomas De Chapultepec, Mexico
- Headcount251–500
- GTM typeB2B
- OfferingServices
What VistaEnergy does
Vista Energy, S.A.B. de C.V. is a Latin American upstream oil and gas producer founded in 2017 by Miguel Galuccio, former CEO of YPF, and dual-listed on the NYSE (VIST) and Mexican Stock Exchange (BMV: VISTA) with headquarters in Mexico City and primary operations in Neuquén, Argentina. The company is Argentina's second-largest shale oil producer, focused on unconventional development in the Vaca Muerta formation within the Neuquina Basin, where it controls approximately 257,000 net acres and has identified up to 1,954 well locations, of which roughly 1,520 are ready-to-drill. P1 reserves stood at 588 MMboe (89% oil) as of year-end 2025, and Q1 2026 production reached 134.7 Mboe/d, a 59% year-over-year increase.
The company's core product is crude oil and natural gas, with technology differentiators that include Argentina's first two electric drilling rigs, Latin America's first electric gas compression station, an integrated LDAR methane detection program combining Optical Gas Imaging and aerial surveys, and a 59% renewable share in the energy matrix yielding top-decile global GHG intensity of 6.8 kgCO2e/boe in 2025. Lifting cost is $4.3/boe in Q1 2026, down 69% since 2018. Vista also operates the Aike nature-based solutions subsidiary managing 13 carbon projects across 43,000 hectares.
Revenue is generated through direct enterprise sales of crude oil and natural gas, with 67% of Q1 2026 oil sales volumes exported and 100% of total volumes sold at export parity pricing through international offtake agreements; the remainder serves the Argentine domestic gas market. Capital is sourced via the dual equity listing and a multi-tranche senior note program under both New York law and Argentine regulations, with cumulative issuances of approximately $2.4 billion across 2024-2026, underwritten by Citigroup, Itau, and Santander. The institutional shareholder base is anchored by Capital World Investors, Banco Santander, and Ping Capital Management, which collectively hold approximately 63.81% of shares.
VistaEnergy firmographics
Firmographics- Name
- VistaEnergy
- Legal name
- Vista Energy, S.A.B. de C.V.
- Website
- https://vistaenergy.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Vista Energy is a Latin American upstream oil and gas producer focused on unconventional shale development in Argentina's Vaca Muerta formation, holding roughly 257,000 net acres, producing 134.7 Mboe/d in Q1 2026, and dual-listed on NYSE (VIST) and BMV (VISTA).
- Ownership category
- akta.pro rank
VistaEnergy industry classification
Industry- Product category
- Upstream Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (2111), Support Activities for Oil and Gas Operations (213112)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Supplier Engagement & Value-Chain Decarbonization Programs (EUABAKAE)
Keywords
Where VistaEnergy is headquartered
LocationHeadquarters
- HQ city
- Lomas De Chapultepec
- HQ country
- Mexico
- HQ region
- Latin America
Offices3 records
Markets served
VistaEnergy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Others
Revenue model
- Oil and Gas Production Revenue: Vista Energy generates revenue through the production and sale of crude oil and natural gas from its unconventional assets in the Vaca Muerta formation. The company exports approximately 67% of oil sales volumes with 100% of total volumes sold at export parity pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Class XXXI Senior Notes |
| Other | Multi-year contract | Senior Notes due 2033 |
| Other | Multi-year contract | Class XXVII Senior Notes |
| Other | Multi-year contract | Class XXIX Senior Notes |
| Other | Multi-year contract | Class XXVI Senior Notes |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
VistaEnergy product offering
Product offeringCore offering
Vista Energy is an oil and gas exploration and production company that develops unconventional shale oil and natural gas from approximately 257,000 net acres in Argentina's Vaca Muerta formation. The company extracts, treats, and sells crude oil (67% exported at export parity) and natural gas to enterprise offtake customers, with Q1 2026 production of 134.7 Mboe/d and P1 reserves of 588 MMboe.
Product overview
Vista Energy, S.A.B. de C.V. is an oil and gas exploration and production company operating primarily in Argentina's Vaca Muerta formation. The company operates through its main subsidiary Vista Energy Argentina S.A.U., focusing on unconventional shale oil and gas production. The company's core business is crude petroleum and natural gas extraction, with operations concentrated in the Neuquina Basin. Vista Energy is dual-listed on the NYSE (ticker: VIST) and the Mexican Stock Exchange (ticker: VISTA), with headquarters in Mexico City and operations based in Neuquén, Argentina.
Differentiator
Problem solved
Functional benefit
Brands
- Aike: Nature-based solutions subsidiary that designs, develops, and manages carbon removal and avoidance projects for Vista Energy.
Products and services
- Crude Oil Production and Sales Unconventional shale crude oil extracted from approximately 257,000 net acres in the Vaca Muerta formation; approximately 67% of Q1 2026 oil sales volumes were exported at 100% export parity pricing, sold to international and domestic enterprise offtake customers.
- Natural Gas Production and Sales Unconventional shale natural gas produced from Vista Energy's Vaca Muerta asset base and sold into the Argentine domestic market.
- Aike Nature-Based Carbon Credits Carbon removal and avoidance credits generated through nature-based solutions projects managed by Vista Energy's wholly-owned subsidiary Aike, applicable to corporate decarbonization and ESG strategies.
Quantifiable outcome
- Q1-26 production of 134.7 Mboe/d, up 59% YoY
- +5 more outcomes
Companies that use VistaEnergy
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
VistaEnergy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
VistaEnergy partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- EquinorcoreVista Energy completed the acquisition of Equinor's working interests in the La Calcha, Bandurria Sur, and Bajo del Toro blocks in the Vaca Muerta formation. Bank of America calculates the transaction will yield a 28% internal rate of return.
- TecpetrolcorePartnership with Tecpetrol and the Province of Neuquén to implement GenEra, a three-year program strengthening technical secondary education to build human capital for the oil and gas industry.
- Province of NeuquéncoreGovernment partnership through GenEra education program covering 65% of all technical secondary institutions in Neuquén.
- CimientosminorCollaboration with NGO Cimientos to award 35 university scholarships and 35 secondary school scholarships to promote educational opportunities for youth from vulnerable local communities.
- Laureus FoundationminorPartnership with Laureus Foundation for the Strengthening Sports contest, now in its fourth consecutive year, benefiting over 11,200 athletes across all editions.
- Espartanos FoundationminorPartnership with Espartanos Foundation for rugby training sessions at prisons in Neuquén and Buenos Aires, combining volunteer engagement with reintegration programs.
- TECHOminorPartnership with TECHO organization for construction of emergency housing in Neuquén and Buenos Aires to provide sustainable solutions for informal settlement residents.
- ExA FoundationsminorPartnership with ExA Foundations to train 23 teachers nationwide in gender diversity tools benefiting 47 schools and over 1,500 students to promote STEM interest among girls.
- Chicas en TecnologíaminorStrategic alliance through Project Strengthening the STEM Pathway for Young Women in Argentina, co-funded by the European Union, developed with Chicas en Tecnología, Fundación Cimientos and Enseñá por Argentina.
- Fundación CimientosminorCo-development partner in STEM education initiatives for young women in Argentina.
- Enseñá por ArgentinaminorCo-development partner in STEM education initiatives for young women in Argentina.
- ITBAminorAwarded 8 scholarships (4 male, 4 female) to students from ITBA and Universidad Austral focused on students from low-income backgrounds to encourage gender equality in STEM education.
- Universidad AustralminorAwarded 8 scholarships (4 male, 4 female) to students from ITBA and Universidad Austral focused on students from low-income backgrounds.
Scale indicators26 records
Recent moves5 records
Expansion highlights6 records
VistaEnergy competitors and assessment
Company assessmentDirect peers
- YPF: Argentina's dominant integrated oil and gas company and largest Vaca Muerta operator. YPF is Vista's primary competitor for Vaca Muerta acreage, offtake infrastructure, and capital markets attention in Argentina.
- Tecpetrol: Argentine oil and gas company controlled by the Rocca family with significant Vaca Muerta operations. Tecpetrol is a direct peer in unconventional shale development and is even a partner with Vista in the GenEra education program in Neuquén.
- Pampa Energía: Argentina's largest integrated energy company with material upstream oil and gas operations alongside power generation. Comparable to Vista as a publicly traded Argentine energy producer with overlapping investor base and exposure to Vaca Muerta.
- GeoPark: Latin American-focused independent E&P company with operations in Colombia, Argentina, Chile, Brazil, and Ecuador. Comparable as a publicly traded, Latin America-focused shale and conventional operator with similar size and capital markets profile.
- Pluspetrol: Latin American E&P company with significant operations in Argentina (Vaca Muerta) and other regional countries. Closely comparable to Vista as a private/closely-held peer operating in the same basins.
- Phoenix Global Resources: AIM-listed E&P company focused on Argentine conventional and unconventional assets including Vaca Muerta. Comparable to Vista as a smaller Argentina-focused upstream peer with overlapping asset base.
Regional players
- Gran Tierra Energy: Latin America-focused E&P company with primary operations in Colombia and Ecuador. Comparable to Vista as a publicly traded, LatAm-focused independent upstream operator of similar size and growth profile.
Broad incumbents
- Chevron: Global supermajor with material Vaca Muerta operations through its subsidiary. Comparable as an upstream operator in the same Vaca Muerta basin, but vastly larger and more diversified globally.
- Shell: Global supermajor with Argentine upstream operations including Vaca Muerta. Comparable as a Vaca Muerta operator with deep technical expertise, though with much broader geographic and business diversification.
- Equinor: Norwegian international energy company that recently sold its Vaca Muerta working interests to Vista. Comparable as an upstream operator in the same Vaca Muerta blocks and as the counterparty in Vista's largest recent acquisition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
VistaEnergy social profiles
Digital presenceVistaEnergy financial estimates
Financial estimateRevenue estimate
Valuation estimate
VistaEnergy leadership team
Management profileNumber of profiles
Profiles10 records
VistaEnergy subsidiaries and ownership
Company hierarchySubsidiaries1 record
VistaEnergy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VistaEnergy M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VistaEnergy
What does VistaEnergy do?
Vista Energy is an oil and gas exploration and production company that develops unconventional shale oil and natural gas from approximately 257,000 net acres in Argentina's Vaca Muerta formation. The company extracts, treats, and sells crude oil (67% exported at export parity) and natural gas to enterprise offtake customers, with Q1 2026 production of 134.7 Mboe/d and P1 reserves of 588 MMboe.
Is VistaEnergy a public or private company?
VistaEnergy is a public company. It is classified as public and is currently operating.
When was VistaEnergy founded?
VistaEnergy was founded in 2017. It employs 251 to 500 people.
Where is VistaEnergy based?
VistaEnergy is headquartered in Lomas De Chapultepec, Mexico, in the Latin America region.
How does VistaEnergy make money?
One revenue line is on record: oil and Gas Production Revenue.
Who are VistaEnergy's main competitors?
Direct peers on record are YPF, Tecpetrol, Pampa Energía, GeoPark, Pluspetrol and Phoenix Global Resources. Gran Tierra Energy is listed as a regional player. Broad incumbents are Chevron, Shell and Equinor.
Does VistaEnergy have an API?
No public API is recorded for VistaEnergy.
What industry is VistaEnergy in?
VistaEnergy's product category is Upstream Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUABAKAE, Supplier Engagement & Value-Chain Decarbonization Programs. Its NAICS code is 2111 and its SIC code is 1311.