Miguel Galuccio
Chairman & CEO, Vista Energy
Miguel Galuccio is a globally accomplished energy industry executive who has served in a variety of key leadership roles in the energy industry, including a fully-integrated leading Latin American energy company, the world’s premier oilfield services firm and a pioneering independent shale [extraction company], while actively engaged as an investor and advisor in the biotech and energy transition space. Mr. Galuccio is the founder, chairman, and CEO of Vista, Argentina’s leading independent oil producer, operating in the world-class Vaca Muerta formation.
Under Mr. Galuccio’s leadership, Vista raised USD $800 million on the Mexican Stock Exchange through a SPAC (Special Purpose Acquisition Company) in July 2017. In July 2019, Vista completed a USD $100 million dual listing and began trading on the NYSE, becoming the only public “pure-play” investment opportunity in Vaca Muerta. Today, Vista’s market capitalization exceeds USD $8 billion. Since 2020, the company has grown exponentially and is today the third largest oil producer and second largest shale oil operator in Argentina. Powered by his entrepreneurial vision and drive, Mr. Galuccio transformed a unique idea about energy production and transformation into a disruptive, thriving, results-oriented, safe, efficient and sustainable company, which continues moving forward and exploring new horizons. Today, he dedicates part of his time to Vista’s corporate venture capital arm as a member of Vista’s Investment Committee. Vista’s venture capital arm focuses primarily on investment opportunities in the energy and natural energy transition space.
Following his strong belief in the importance of innovation in the energy industry, Mr. Galuccio also co-founded and chairs GridX, a science based company incubator focused on the creation of, and investment in, biotech startups. GridX selects and brings together promising entrepreneurs and scientists with the goal of generating a virtuous circle of knowledge and ideas. At present, GridX has already formed more than 30 companies targeting different sectors such as health, food, agriculture, energy, and materials, among others. From May 2012 to April 2016, Mr. Galuccio served as Chairman and CEO of YPF, Argentina’s largest energy company. In this role, Mr. Galuccio was responsible for de-risking and ramping-up production at Vaca Muerta (widely regarded as the largest shale basin in the world outside of North America). Mr. Galuccio also oversaw the re-positioning of YPF within the Argentine market. During Mr. Galuccio’s tenure, the company tripled its market valuation while aligning closely with Argentina’s national priorities, executing a clear roadmap that leveraged shale potential to transform the country from a significant natural gas importer to, eventually, a net exporter.
As a nod to the impact of Mr. Galuccio’s leadership on the development of shale energy in the Argentine market, he was dubbed the “architect of Vaca Muerta” by Bloomberg News. Mr. Galuccio is an active board member of Schlumberger, the world’s largest oilfield services company, where he also began his international career. He held several senior positions at Schlumberger prior to serving as Chairman and CEO of YPF. As President of Schlumberger Production Management, he championed the development and comanaging production of customer assets under long-term agreements. This innovative approach turned Schlumberger’s Production Management (SPM) division into the fastest-growing global team within the company. Mr. Galuccio also served in other senior roles during his time at Schlumberger, including serving as the president of Integrated Project Management (IPM) division, an organization with operations in North America, the Middle East, South East Asia, Europe and Latin America