Upgrade to SI Premium - Free Trial

GeoPark reports stable Q2 2026 output, signs Vaca Muerta rig deal

July 21, 2026 7:30 AM

GeoPark Limited (NYSE: GPRK) reported consolidated average oil and gas production of 27,271 barrels of oil equivalent per day (boepd) for the second quarter ended June 30, 2026, roughly flat compared with 27,249 boepd in the first quarter, according to a company press release.



Colombia remained the primary source of output at 25,871 boepd, unchanged year over year. Argentina contributed 1,400 boepd gross, compared with no recorded production in the same period a year earlier. Ecuador and Brazil showed no production in the quarter, down from 1,281 boepd and 231 boepd, respectively, in the second quarter of 2025.



During the quarter, GeoPark drilled and completed six wells in the Llanos 34 and Llanos 123 blocks in Colombia, and drilled five wells in Vaca Muerta, Argentina, which were undergoing hydraulic fracturing at quarter end. The company operated eight rigs in total, including four drilling and four workover rigs.



GeoPark entered into a three-year drilling rig agreement with Helmerich & Payne to support development of its Loma Jarillosa Este and Puesto Silva Oeste blocks in Argentina, with the first spud expected in late fourth quarter 2026. The company also secured crude oil processing and export agreements with Pan American Energy S.L., Sucursal Argentina, providing access to the Puerto Rosales and Punta Colorada export terminals through December 31, 2027.



GeoPark and Gas y Petróleo del Neuquén applied to Argentina's Large Investment Incentive Regime (RIGI) program targeting production growth from 1,500 to 20,000 boepd over three years, supported by over $1 billion in planned investment.



At GeoPark's annual general meeting held July 14, 2026, shareholders elected Gabriel Gilinski, Dorita Gilinski, and Camilo Martinez to the board. Ernst & Young Audit S.A.S. was appointed as company auditor. GeoPark said it plans to release second-quarter financial results on August 4, 2026, followed by a management conference call on August 5, 2026.

Categories

Corporate News