Company: VIST
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001193125-25-076856
Chunk: 45

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 5
Chunk 45
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 been reverted during 2023 and 2024. In 2024, our average realization price in the regulated market (i.e., Plan GasAr) was US$3.3/MMBtu and our average realization price in the domestic deregulated market (i.e., sales to industrial clients) was US$1.9/MMBtu. 
 
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 The following table highlights the quarterly average price trends for crude oil and natural gas in U.S. Dollars for the periods presented: 
 

                                                2024                                                         2023          2022          2021          2020          2019          2018          2017       
                                                        Q4              Q3              Q2              Q1
Average Brent Crude Oil Price (per bbl)(1)            74.0            78.5            85.0            81.8          82.3          99.0          71.0          43.2          43.2          71.7          54.7
Average Medanito Crude Oil Price (per bbl)(2)         66.9            70.3            69.4            67.0          60.8          67.1          53.1          40.6          54.0          65.0          56.5
Average Natural Gas Price (per MMBtu)(3)               2.7             3.8             3.4             2.7           3.4           3.2           2.9           2.3           3.4           4.4           3.8

(1)   Source: Bloomberg.
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(2)   Light oil extracted from the Neuquina Basin. Source: Argentine Secretariat of Energy.
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(3)   Source: Argentine Secretariat of Energy and US$/AR$ exchange rate according to Communication “A” 3500 of the BCRA.
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 A sustained drop in oil, natural gas and NGL prices may not only decrease our revenues but may also reduce the amount of oil, natural gas and NGL that we can produce economically and therefore potentially lower our oil, natural gas and NGL reserve quantities. 
 Results of Operations 
 The following discussion relates to certain financial and operating data for the years indicated. You should read this discussion in conjunction with our Audited Financial Statements and the accompanying notes