Vista Energy, S.A.B. de C.V. (NYSE:VIST) Q2 2022 Earnings Conference Call July 27, 2022 9:00 AM ET

Company Participants

Alejandro Cherñacov - Strategic Planning and Investor Relations Officer

Miguel Galuccio - Chairman and Chief Executive Officer

Conference Call Participants

Guilherme Levy - Morgan Stanley

Alejandro Demichelis - Nau Securities

Marcelo Gumiero - Credit Suisse

Andres Cardona - Citigroup Inc.

Constantinos Saprias - Pointe Des

Oriana Covault - Balanz Capital

Operator

Good day, and thank you for standing by. Welcome to the Vista's Second Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I'd now like to hand the conference over to your speaker today, Alejandro Cherñacov. Please go ahead.

Alejandro Cherñacov

Thanks. Good morning, everyone. We are happy to welcome you to Vista's second quarter 2022 results conference call. I'm here with Miguel Galuccio, Vista's Chairman and CEO; Pablo Vera Pinto, Vista's CFO; and Juan Garoby, Vista's COO.

Before we begin, I would like to draw your attention to our cautionary statement on Slide 2. Please be advised that our remarks today, including the answers to your questions may include forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from expectations contemplated by these remarks.

Our financial figures are stated in U.S. dollars and in accordance with International Financial Reporting Standards, IFRS. However, during this conference call, we may discuss certain non-IFRS financial measures such as adjusted EBITDA. Reconciliations of these measures to the closest IFRS measure can be found in the earnings release that we issued yesterday. Please check our website for further information.

Our Company, Vista Energy is a sociedad anónima bursátil de capital variable organized under the laws of Mexico, registered in the Bolsa Mexicana de Valores and the New York Stock Exchange. The tickers of our common stock are VISTAA in the Bolsa Mexicana de Valores and VIST in the New York Stock Exchange. The ticker of our warrant is VTW408A.

I will now turn the call over to Miguel.

Miguel Galuccio

Thanks, Ale. Good morning, everyone, and welcome to this earnings call. I'm delighted to share with you our results of the second quarter of 2022, during which we have continued to deliver a strong operational and financial performance. During Q2 2022, total production averaged [44,800] boes per day, a 12% increase year-over-year. Oil production was up 70% year-over-year, boosted by a solid well performance in Bajada del Palo Oeste and especially in our two-well pilot in Bajada del Palo Este.