LatinNews Daily - 18 January 2022

In brief: Mexican firm acquires new concessions in Argentina’s Vaca Muerta

*Mexico-based oil firm Vista Oil & Gas has announced that it is acquiring 50% of German oil firm Wintershall Dea’s stake in two concessions in Argentina's Vaca Muerta shale oil and gas fields, ‘Aguada Federal’ and ‘Bandurria Norte’ for a total of US$140m. According to a Vista press release, the company will acquire 25,231 net acres, increasing its total acreage to 183,084 acres and will add up to 150 new wells to its portfolio, bringing its total to 850. Vista’s president and CEO Miguel Galuccio, said the acquisition would allow the company to expand its leadership in Vaca Muerta and “redouble its commitment” to the development of the deposits.

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