Question · Q4 2025
Francisco Cascarón asked for Vista's maintenance CapEx expectation in the foreseeable future, given the announced annual CapEx of $1.5 billion-$1.6 billion between 2026 and 2028.
Answer
Miguel Galuccio, Founder, Chairman, and CEO of Vista Energy, provided a reference point: to keep 100,000 barrels per day of production flat, approximately $700 million-$750 million in CapEx is needed. He estimated that with production around 150,000 barrels per day (including Equinor assets) by year-end, about 60 wells would be needed to maintain flat production, equating to roughly $850 million in CapEx.
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