Vista Oil & Gas SAB has acquired 50% interest including operatorship in the unconventional Aguada Federal and Bandurria Norte blocks in the Argentine province of Neuquén from Wintershall Dea Argentina SA.
Vista acquired 50% share of ConocoPhillips in the concessions in 2021 and now holds 100% of the shares in the blocks (OGJ Online, Oct. 4, 2021).
Through the deal, Vista will acquire 25,231 net acres, increasing its total acreage in Vaca Muerta to 183,084 acres. The company will also add 150 new well locations to its Vaca Muerta portfolio, adding up to a total of up to 850 identified new well locations to date.
Vista will pay a total of $140 million. The deal terminates Vista's obligation to pay the $77 million carry assumed by the company on Sept. 16, 2021, by acquiring the initial 50% interest in the assets.
