STOCK TITAN

YPF (NYSE: YPF) sells Mendoza non-operated fields for US$205M

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

YPF Sociedad Anónima agreed to assign its interests in the Mendoza Non-Operated cluster in the provinces of Mendoza and La Pampa to San Benito Upstream S.A.U. for an agreed price of US$205 million, with an effective date of January 1, 2026, plus applicable VAT and any closing price adjustment.

The cluster includes 30.01% of the CNQ-7 Gobernador Ayala concession and 50% of the CNQ-7A and Jagüel Casa de Piedra concessions, along with related pipelines and existing stock of materials. In the second quarter of 2026, production attributable to YPF’s interest was about 7 thousand bbl/day of oil and 0.04 million m³/day of natural gas.

The assignment is described as part of YPF’s 4x4 Plan to optimize its conventional Upstream portfolio and concentrate activities and investments in unconventional fields, with the stated objective of maximizing value for the company, its shareholders and investors.

Positive

  • None.

Negative

  • None.

Filing Explained

YPF has entered into the Mendoza Non-Operated cluster assignment, but the transaction remains subject to customary conditions precedent, so completion has not been disclosed. The agreed US$205 million price may increase for applicable VAT and any closing price adjustment.

Transaction price US$205 million Agreed price for assignment of Mendoza Non-Operated cluster interests
Interest in CNQ-7 Gobernador Ayala 30.01% Concession interest in CNQ-7 Gobernador Ayala included in the assignment
Interests in CNQ-7A and Jagüel Casa de Piedra 50% Concession interests in CNQ-7A and Jagüel Casa de Piedra included in the assignment
Oil production 7 thousand bbl/day Q2 2026 production attributable to YPF’s interest in the cluster
Natural gas production 0.04 million m³/day Q2 2026 gas production attributable to YPF’s interest in the cluster
Effective date January 1, 2026 Effective date for the assignment of interests and related assets
conventional Upstream portfolio financial
"includes the optimization of its conventional Upstream portfolio — one of the key levers"
unconventional fields financial
"with a focus on activities and investments in unconventional fields, with the ultimate goal"
conditions precedent regulatory
"subject to the fulfillment of certain customary conditions precedent for this type of transaction"
Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.
Mendoza Non-Operated cluster financial
"entered into an agreement with San Benito Upstream S.A.U. for the assignment of its interest in the cluster Mendoza Non-Operated"
4x4 Plan financial
"The assignment is part of the Company’s 4x4 Plan, which includes the optimization"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What transaction did YPF (YPF) announce regarding the Mendoza Non-Operated cluster?

YPF reported an agreement to assign its interests in the Mendoza Non-Operated cluster to San Benito Upstream S.A.U. The deal covers concession interests, associated pipelines, and existing materials stock in Mendoza and La Pampa provinces, subject to customary conditions precedent.

What is the sale price and effective date of YPF’s (YPF) Mendoza Non-Operated cluster transaction?

The agreed price is US$205 million, with an effective date of January 1, 2026. Applicable VAT and any closing price adjustment will be added, and completion depends on fulfillment of customary conditions precedent for this type of transaction.

What assets and concession interests are included in YPF’s (YPF) assignment to San Benito Upstream S.A.U.?

The transaction covers 30.01% of the CNQ-7 Gobernador Ayala concession and 50% of the CNQ-7A and Jagüel Casa de Piedra concessions, plus related pipelines and the existing stock of materials held at the warehouses of those assets.

How much production is associated with YPF’s (YPF) Mendoza Non-Operated cluster interests?

In the second quarter of 2026, production attributable to YPF’s interests in the cluster was about 7 thousand bbl/day of oil and 0.04 million m³/day of natural gas, illustrating the scale of conventional output being assigned.

How does this transaction fit into YPF’s (YPF) broader 4x4 Plan strategy?

YPF states the assignment forms part of its 4x4 Plan to optimize its conventional Upstream portfolio. The strategy emphasizes reallocating activities and investments toward unconventional fields, with the goal of maximizing value for the company, shareholders, and investors.

Are there any conditions attached to YPF’s (YPF) sale of the Mendoza Non-Operated cluster?

Yes. YPF notes the transaction is subject to customary conditions precedent for this type of deal. VAT must be added to the US$205 million price, and a closing price adjustment may also apply depending on agreed mechanisms.

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

 

 

 

 

FORM 6-K 

 

 

 

 

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-12102 

 

 

 

 

 

 

 

YPF Sociedad Anónima

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

 

Macacha Güemes 515

C1106BKK Buenos Aires, Argentina

(Address of principal executive office)

 

 

 

 

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: 

Form 20-F Form 40-F  

 

 

 


 

YPF Sociedad Anónima

TABLE OF CONTENT

 

ITEM 1      Translation of letter to the Argentine Securities Commission (Comisión Nacional de Valores) dated August 5, 2026.

 


 

Graphics

Buenos Aires, August 5, 2026.

 

COMISIÓN NACIONAL DE VALORES (“CNV”)

25 de Mayo 175

Buenos Aires

 

BOLSAS Y MERCADOS ARGENTINOS S.A. (“ByMA”)

Sarmiento 299

Buenos Aires

 

A3 MERCADOS S.A. (“A3 Mercados”)

Maipú 1210

Buenos Aires

 

 

Ref.: Material Event – Portfolio Optimization Strategy: Assignment of Mendoza Non-Operated Cluster’s Conventional Blocks – Provinces of Mendoza and La Pampa.

 

Ladies and Gentlemen,

 

We are writing to you in order to comply with the CNV Rules and the corresponding regulations of ByMA and A3 Mercados.

 

The Company reports that today YPF S.A. (“YPF” or the “Company”) entered into an agreement with San Benito Upstream S.A.U. for the assignment of its interest in the cluster Mendoza Non-Operated, in the Provinces of Mendoza and La Pampa. This transaction includes the assignment of the pipelines and the existing stock of materials held at the warehouses of such assets.

 

The Mendoza Non-Operated cluster is comprised of 30.01% of the concession of the block CNQ-7 Gobernador Ayala, and 50% of the concessions of the blocks CNQ-7A and Jagüel Casa de Piedra.

 

During the second quarter of 2026, production attributable to YPF’s interest in the Mendoza Non-Operated cluster amounted to approximately 7 thousand bbl/day of oil and 0.04 million m³/day of natural gas.

 

The agreed price amounts to US$205 million, with an effective date of January 1, 2026. The transaction is subject to the fulfillment of certain customary conditions precedent for this type of transaction. The applicable VAT, as well as any closing price adjustment that may apply, shall be added to such amounts.

 

The assignment is part of the Company’s 4x4 Plan, which includes the optimization of its conventional Upstream portfolio — one of the key levers underpinning YPF’s strategy — with a focus on activities and investments in unconventional fields, with the ultimate goal of maximizing value for the Company, its shareholders and investors.

Sincerely,

 

Margarita Chun

Market Relations Officer

YPF S.A.

 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

YPF Sociedad Anónima

 

 

 

 

 

Date: August 5, 2026

By:

 

/s/ Margarita Chun

 

 

Name:

 

Margarita Chun

 

 

Title:

 

Market Relations Officer