Vista Energy Expands Vaca Muerta Operations, Seeks Shareholder Approval

Vista Energy, a leading shale oil producer in Argentina, is gearing up for significant expansion in the Vaca Muerta formation. The company is exploring acquisitions and may issue new shares to fund these ventures. This growth phase is supported by Argentinas new president, Javier Milei, who is removing investment barriers and extending incentives for crude oil drilling. Vistas CEO, Miguel Galuccio, is advocating for regulatory reforms to lower export taxes and update labor laws, aiming to boost production and exports. The company also has a stake in a major shale oil export project, set to be operational in about a year, with plans to nearly double its production to over 200,000 barrels of oil equivalent per day by 2030.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.