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GeoPark Limited said that the previously disclosed transaction to acquire a non-operated working interest in four unconventional blocks in Vaca Muerta, Argentina, has been terminated. The counterparty, Phoenix Global Resources, exercised its contractual right to withdraw from the agreement following the Outside Date of May 13, 2025, as defined in the original FarmOut Agreement.
Key Highlights:
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Transaction Terminated: The acquisition of Vaca Muerta blocks will not proceed.
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Contractual Basis: Both parties had the right to withdraw after May 13, 2025; Phoenix elected to do so.
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Impact: No change to GeoPark’s operational or financial posture.
Strategic and Financial Position:
Despite the transaction termination, GeoPark reaffirms its commitment to its North Star strategy—focused on profitable, dependable, and sustainable growth through:
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Big Assets, Big Plays, Big Basins
Financial Strength:
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Cash Balance: $330 million
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Net Leverage: <1.0x
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Hedging: ~87% of 2025 volumes covered
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Capital Flexibility: To support dividends, share buybacks, debt reduction, and M&A
Recent Deals/Transactions
| Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
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| 02/26/2026 | E&P | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal |
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| 02/18/2026 | E&P | SM Energy Sells Eagle Ford Asset for $950 Million |
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| 02/17/2026 | E&P | Ovintiv Sells Anadarko Assets for $3 Billion |
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| 02/02/2026 | E&P | Vista Energy Acquires Equinor Non-Working Interest In Vaca Muera |
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| 02/02/2026 | E&P | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank |
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| 01/16/2026 | E&P | Mitsubishi’s Strategic Entry into U.S. Shale with Aethon’s Haynesville Platforms |
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| 12/22/2025 | E&P | Harbour Energy Enters GOM; Buys LLOG |
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| 12/18/2025 | E&P | JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources |
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| 12/08/2025 | E&P | Antero Resources Acquires HG Energy II for $3.9B |
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| 12/08/2025 | E&P | Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B |
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| Total |
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