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Home.forex news reportGeoPark (GPRK) Acquires Frontera Energy’s Assets in Colombia

GeoPark (GPRK) Acquires Frontera Energy’s Assets in Colombia

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The share price of GeoPark Limited (NYSE:GPRK) surged by 10.04% between January 22 and January 29, 2026, putting it among the Energy Stocks that Gained the Most This Week.

GeoPark (GPRK) Acquires Frontera Energy's Assets in Colombia
GeoPark (GPRK) Acquires Frontera Energy’s Assets in Colombia

GeoPark Limited (NYSE:GPRK) is a Latin American oil and gas explorer, operator, and consolidator with assets and growth platforms in Colombia, Argentina, and Brazil.

GeoPark Limited (NYSE:GPRK) announced on January 29 that it has signed a deal to acquire Frontera Energy’s oil and gas exploration and production assets in Colombia. The deal is valued at $375 million in cash and an additional $25 million payment contingent on the achievement of certain development milestones. According to Geopark, the transaction will materially enhance its scale, reserve base, and cash-flow generation, while also reinforcing its capacity to fund disciplined growth through the cycle.

GeoPark Limited (NYSE:GPRK) expects the acquisition to immediately add 147 million barrels of oil equivalent (mmboe) to its proven and probable (2P) reserves and 99 mmboe to its proven reserves. Moreover, it is expected to raise the company’s pro forma production to over 90,000 boepd and its EBITDA to approximately $950 million by 2028. This is effectively double from Geopark’s previously announced 2028 standalone outlook of 44,000–46,000 boepd and EBITDA of $490–520 million. Additionally, the combination is projected to deliver synergies reaching a recurring annual run-rate of $30-50 million by 2027.

Felipe Bayon, CEO of GeoPark Limited (NYSE:GPRK), commented:

“Today’s announcement marks an important milestone in GeoPark’s growth trajectory. After extensive discussions with Frontera Energy over the past year, we are pleased to have reached an agreement that adds Frontera’s Colombian assets to our portfolio, positioning GeoPark as the largest private operator in Colombia and creating a stronger and more resilient platform with greater scale, longer production plateaus and improved cash-flow durability, while continuing to fund our growth in Vaca Muerta. Beyond the financial and production metrics, this transaction enables a full-field development approach in assets such as Quifa and the broader Llanos portfolio, allowing us to extend plateau production, capture synergies and reinvest efficiently. This will support sustained production, reserves protection and increased investment activity that benefits the regions where we operate through jobs, royalties and taxes.”

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