0000950103-26-006124
SEC filingGeoPark reported 1Q2026 operational results with production of 27,249 boepd, up 1% from 4Q2025 excluding divested assets, and initiated drilling in Vaca Muerta.
GeoPark's first quarter 2026 operational update highlights a solid start to the year, with consolidated production from continuing operations in Colombia and Argentina increasing 1% versus the fourth quarter of 2025 and performing above plan. This confirms the production inflection achieved in 2025. The company initiated drilling activities in the Loma Jarillosa Este Block in Argentina, marking the next phase of growth in the Vaca Muerta shale play. In Colombia, the Llanos 34 Block saw a 2.5% sequential production decline to 15,734 boepd net due to natural decline, temporary disruptions, and a delay in the drilling and workover campaign, partially offset by strong secondary recovery performance. The CPO-5 Block produced 6,109 boepd net, 7.7% lower than 4Q2025 due to temporary blockades, but came in 16% above plan. The Llanos 123 Block delivered 3,118 boepd net, up 13% sequentially, driven by base production and the Bisbita waterflooding project. Argentina contributed 1,430 boepd gross from the Loma Jarillosa Este Block, with drilling of lateral sections underway. The company reported a combined realized price of $60.4/bbl in 1Q2026, up from $54.8/bbl in 4Q2025, reflecting stronger Brent prices and recovery in differentials, despite a $7.0/bbl impact from hedges and earn-outs. Upcoming catalysts for 2Q2026 include drilling 5 gross wells in Colombia and fracking 5 wells in Argentina, targeting conventional, unconventional, development, appraisal, and exploration projects. The company will report full 1Q2026 financial results on May 6, 2026.