Transformational Acquisition
Vista completed the acquisition of a 50% stake in La Amarga Chica, significantly increasing the company's scale and production capacity.
Record Production Growth
Total production reached 118,000 boes per day, an 81% increase year-over-year. Oil production was 102,000 barrels per day, up 79% year-over-year.
Revenue Surge
Total revenues for the quarter were $611 million, a 54% increase from the same quarter last year.
Export Growth
Oil exports tripled year-over-year to 5.6 million barrels for the quarter.
Cost Efficiency Improvements
Drilling and completion costs reduced to $12.8 million per well, a 10% saving per well.
Lower Selling Expenses
Selling expenses per boe decreased by 41% quarter-over-quarter, leading to $28 million in savings.
Strong Future Outlook
Adjusted EBITDA forecast for 2025 is between $1.5 billion and $1.6 billion, with significant production growth expected.