The company, led by Miguel Galuccio, will invest between $1.1 billion and $1.3 billion in 2025 to achieve this production level by connecting 60 new wells and will announce a new long-term strategic plan next year

Vista, Argentina’s second-largest unconventional oil and gas operator, plans to invest around $1.1 billion in 2024 to accelerate production in Vaca Muerta, the company’s founder and CEO, Miguel Galuccio said

In June, activity in the formation was once again led by YPF, with a total of 886 fractures. They were followed by Argentina’s Vista with 226 fractures and the U.S. company Chevron with 208 fractures

Vista, the second-largest unconventional hydrocarbons operator in Argentina, announced that it will import a second fracturing set to accelerate its activity Vaca Muerta

According to the company, the new investments will be allocated to its operations in Vaca Muerta, with the goal of connecting 46 new wells and reaching a production of 70,000 barrels of oil equivalent per day by 2024

Vista, the second-largest producer of unconventional oil in Argentina, plans to put a total of 138 new “shale oil” wells into production between 2024 and 2026