YPF (NYSE: YPF) completes Manantiales Behr area transfer in 4x4 Plan
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
YPF Sociedad Anónima reports that it has closed the assignment of 100% of the conventional exploitation concession over the Manantiales Behr area and the associated hydrocarbon transportation concession. The assets were assigned to Pecom Servicios Energía S.A.U. (51%) and San Benito Upstream S.A.U. (49%).
All conditions precedent and suspensive conditions, including required governmental authorizations, have been fulfilled, so the assignment in favor of the assignees is now perfected. The transaction forms part of YPF’s 4x4 Plan to optimize its Upstream portfolio and focus activities and investments on unconventional fields to maximize value for the company, its shareholders, and investors.
Positive
- None.
Negative
- None.
Key Figures
Concession assigned: 100% of conventional exploitation concession
Pecom interest: 51%
San Benito interest: 49%
+1 more
4 metrics
Concession assigned
100% of conventional exploitation concession
Manantiales Behr area assignment to assignees
Pecom interest
51%
Participation of Pecom Servicios Energía S.A.U. as assignee
San Benito interest
49%
Participation of San Benito Upstream S.A.U. as assignee
Transaction closing date
May 21, 2026
Date on which the transaction closing took place
Key Terms
conventional exploitation concession, hydrocarbon transportation concession, conditions precedent and suspensive conditions, Upstream portfolio, +2 more
6 terms
conventional exploitation concession financial
"assignment of 100% of the conventional exploitation concession over the Manantiales Behr area"
hydrocarbon transportation concession financial
"and the associated hydrocarbon transportation concession, as well as the sale of the inventory"
conditions precedent and suspensive conditions regulatory
"all conditions precedent and suspensive conditions stipulated by the parties have been fulfilled"
Upstream portfolio financial
"includes the optimization of the Upstream portfolio, one of the levers upon which YPF’s strategy is based"
4x4 Plan financial
"The transaction is part of the Company’s 4x4 Plan, which includes the optimization of the Upstream portfolio"
material event regulatory
"Ref.: Material Event – Portfolio Optimization Strategy: Assignment of Manantiales Behr Conventional Area"
FAQ
What material event did YPF (YPF) report in this 6-K filing?
YPF reported the closing of a transaction assigning 100% of the Manantiales Behr conventional exploitation concession and associated hydrocarbon transportation concession to two assignees. This marks completion of a previously announced portfolio optimization step within its strategic 4x4 Plan.
Which assets are included in YPF (YPF)’s Manantiales Behr transaction?
The transaction covers 100% of the conventional exploitation concession over the Manantiales Behr area, the associated hydrocarbon transportation concession, and the sale of inventory of materials at the Manantiales Behr and Km 20 warehouses. These assets are transferred to the assignees named in the letter.
Who are the assignees in YPF (YPF)’s Manantiales Behr concession assignment?
The assignees are Pecom Servicios Energía S.A.U., holding 51%, and San Benito Upstream S.A.U., holding 49%. Together they receive the Manantiales Behr conventional exploitation concession, related hydrocarbon transportation concession, and certain inventory located at Manantiales Behr and Km 20 warehouses.
When did the closing of YPF (YPF)’s Manantiales Behr transaction occur?
YPF states that the closing of the Manantiales Behr transaction took place on May 21, 2026. On that date, the parties executed the necessary agreements and all conditions precedent and suspensive conditions, including governmental approvals, were fulfilled, perfecting the assignment to the assignees.
How does the Manantiales Behr assignment support YPF (YPF)’s 4x4 Plan?
The assignment forms part of YPF’s 4x4 Plan, which includes optimizing its Upstream portfolio. The company highlights a strategic focus on activities and investments in unconventional fields, aiming to maximize value for YPF, its shareholders, and investors through this portfolio rebalancing.
What regulatory conditions were satisfied for YPF (YPF)’s Manantiales Behr deal?
YPF notes that all conditions precedent and suspensive conditions agreed by the parties were satisfied, including obtaining the corresponding governmental authorizations. With these requirements fulfilled, the assignment of the Manantiales Behr concessions to the assignees became fully effective and perfected.
