Second quarter 2020 Earnings webcast July 29, 2020
Q2 2020 key metrics and highlights Consolidated figures of Vista Oil & Gas S.A.B. de C.V. Structural opex and capex cost reductions prepared our organization to thrive in a lower oil price environment Successfully implemented…
Production Contained drop by re-opening Vaca Muerta wells earlier than expected Total production(1) Monthly breakdown Mboe/d Mboe/d (18)% Oil(2) 32.2 Natural gas 8.6 Q2 production highlights 19.5 19.9 Shale oil wells in Bajada del…
Revenues and pricing Shifted sales to export markets Revenues Crude oil average price Natural gas average price MM /bbl /MMBtu (57)% (56)% (42)% 120.4 59.8 3.8 43.0 73.3 2.2 2.2 51.2 26.5 Q2 2019 Q1 2020 Q2 2020 Q2…
Opex Cost-cutting initiatives offset lower production Total Opex Opex per boe MM /boe (30)% (43)% 12.3 32.5 9.9 23.8 8.6 18.6 Q2 2019 Q1 2020 Q2 2020 Q2 2019 Q1 2020 Q2 2020 Successful renegotiation of gas…
Adjusted EBITDA Focus on cost cutting key to delivering positive Adjusted EBITDA Adj. EBITDA(1) Realized price YTD MM /bbl 60 30 0 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Production YTD Mboe/d 30 20 10 51.5 0 Jan-20…
Financial overview Cash flow positive in a very challenging quarter Q2 2020 cash flow MM Highlights Quarterly cash flow from operations MM Positive cash flow from operations in a low price and production environment Investing…
Vaca Muerta development Reopened all shale oil wells in light of crude oil demand recovery Pad 1 & Pad 2 production boe/d Shale oil wells were shut-in on March 20, 2,000 ahead of global demand reduction, in order to protect…
Vaca Muerta development Vista type curve for new well design Bajada del Palo Oeste updated type curve(1) New well design Mboe 2,800 meters lateral length 300 Second pad 60 meter frac spacing, resulting in 47 stages +24% First pad…
Vaca Muerta development Vista type curve for new well design Expected D&C cost per well New well design MM (18)% 2,800 meters lateral length 17.4 15.9 14.3 60 meters frac spacing, resulting in 47 stages 13.8 12.6 11.7 11.7…
Closing remarks Demand and price recovered earlier than expected, allowing Vista to sell entire Q2 production and re-open Vaca Muerta wells Implemented cost efficiency measures, driving lifting cost down to 8.6 /boe, even at…
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