MEXICO CITY/BUENOS AIRES, Nov 12 (Reuters) - Mexican energy producer Vista (VISTAA.MX) , opens new tab is set to invest more than $4.5 billion in the vast Vaca Muerta shale formation in Argentina in a bid to boost production, the firm said on Wednesday.

Vista expects its output to climb to more than 200,000 barrels of oil equivalent per day (boe/d) by 2030, from an expected 114,000 boe/d this year, it said in a presentation to investors.

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Mexico City-listed shares in the company were up nearly 2% after opening, to 950 pesos ($51.72) apiece.

Vista is Argentina's second-largest shale producer, and has invested heavily in Vaca Muerta.

The firm is planning to double its export revenues in the next three years, it said, projecting to bring in $8 billion over the period.

Core earnings, or earnings before interest, taxes, depreciation and amortization (EBITDA), was expected to climb 75% from 2025 to 2028, reaching $2.8 billion, Vista added.

($1 = 18.3694 Mexican pesos)

https://www.reuters.com/business/energy/mexicos-vista-invest-45-billion-argentinas-vaca-muerta-shale-formation-2025-11-12/