{"id":15072,"date":"2018-02-20T12:04:51","date_gmt":"2018-02-20T18:04:51","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=15072"},"modified":"2018-02-20T16:58:18","modified_gmt":"2018-02-20T22:58:18","slug":"vista-oil-gas-signs-agreement-to-acquire-oil-and-gas-assets-in-argentina","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/vista-oil-gas-signs-agreement-to-acquire-oil-and-gas-assets-in-argentina\/","title":{"rendered":"Vista Oil &#038; Gas signs agreement to acquire oil and gas assets in Argentina"},"content":{"rendered":"<p><a href=\"https:\/\/www.hydrocarbons-technology.com\/news\/vista-oil-gas-signs-agreement-acquire-oil-gas-assets-argentina\/\">FROM: Hydrocarbons technology \/ 20 de febrero de 2018<\/a><\/p>\n<p>Mexican-listed Vista Oil &amp; Gas has agreed to buy an oil and gas platform from Pampa Energ\u00eda and Pluspetrol Resources Corporation, along with interests in some exploitation concessions, assessment blocks and exploration permits in\u00a0Argentina.<\/p>\n<p>A significant part of the acquired assets are located in the Neuquina basin.<\/p>\n<p>Once the deal is completed, Vista expects to become the fifth largest oil producer and operator in\u00a0Argentina, as per the latest information published by the Argentine Ministry of Energy and Mining. Vista chairman and CEO Miguel Galuccio said: \u201cWith this transaction, we found the right balance of current profitable production and reserves \u2013 coupled with high-growth potential in Vaca Muerta, the most exciting emerging shale play globally \u2013 perfectly aligned with our vision.<\/p>\n<p>\u201cThe platform and timing could not be better suited to start delivering on our plan of becoming the leading Latin American independent oil and gas company.\u201d<\/p>\n<p><strong>\u201cThe platform and timing could not be better suited to start delivering on our plan of becoming the leading Latin American independent oil and gas company.\u201d<\/strong><\/p>\n<p>Following the closure of the deal, Vista\u2019s enterprise value would stand at\u00a0$10\u00a0per share, equivalent to around\u00a0$860m, and have an equity value of\u00a0$960 million.<\/p>\n<p>As part of the consummation of the deal, Riverstone Vista Capital Partners, an affiliate of Riverstone, has agreed to acquire an additional five million Series A Shares for\u00a0$50m\u00a0pursuant to a forward purchase agreement signed at the time of Vista\u2019s initial public offering. Other investors have also agreed to buy ten million Series A Shares of Vista for\u00a0$100m.<\/p>\n<p>Along with an\u00a0$650m\u00a0initial public offering, these proceeds will take the total equity available to fund the deal to\u00a0$800m.<\/p>\n<p>Vista has also signed a commitment letter, following which a credit facility of up to\u00a0$300m\u00a0may be used as backstop to boost the certainty of transaction completion.<\/p>\n<p>If the backstop credit facility is not drawn, Vista expects to be debt-free and have\u00a0$100m\u00a0of cash on hand to fund future drilling and acquisitions.<\/p>\n<p>The deal is expected to close in\u00a0April.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-15073 size-full\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/02\/vistamc.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/02\/vistamc.jpg 600w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/02\/vistamc-300x200.jpg 300w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/02\/vistamc-450x300.jpg 450w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/FROM: Hydrocarbons technology \/ 20 de febrero de 2018\">FROM: Hydrocarbons technology \/ 20 de febrero de 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FROM: Hydrocarbons technology \/ 20 de febrero de 2018 Mexican-listed Vista Oil &amp; Gas has agreed to buy an oil and gas platform from Pampa Energ\u00eda and Pluspetrol Resources Corporation, along with interests in some exploitation concessions, assessment blocks and exploration permits in\u00a0Argentina. A significant part of the acquired assets are located in the Neuquina [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":15073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1017,1475,1476],"tags":[1650,1651,1035,1649],"class_list":["post-15072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-oil-gas","category-oil-operators","tag-argentina","tag-neuquina-basin","tag-oil-operators","tag-vista-oil-gas"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/15072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=15072"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/15072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/15073"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=15072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=15072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=15072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}