Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Deals - Acquisition, Mergers, Divestitures

GeoPark Terminates Vaca-Muerta Acquisition

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Sunday,July 06,2025

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:

  • Transaction Terminated: The acquisition of Vaca Muerta blocks will not proceed.

  • Contractual Basis: Both parties had the right to withdraw after May 13, 2025; Phoenix elected to do so.

  • 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:

  • Big Assets, Big Plays, Big Basins

Financial Strength:

  • Cash Balance: $330 million

  • Net Leverage: <1.0x

  • Hedging: ~87% of 2025 volumes covered

  • 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)
07/10/2025 E&P Mach Resources Buys San Juan Gas Asset for $787 Million 
07/10/2025 E&P Mach Enters Permian Basin, Buys PE_backed Sabinal Assets for $500 Million 
06/05/2025 E&P Vermillion Energy Exits US, Sells Power River Basin Asset 
05/30/2025 E&P EOG Acquires Utica Liquids Focus Encino For $5.6 Billion 
05/13/2025 E&P TXO Partners Acquires White Rock Assets in the Elm Coulee Field 
05/07/2025 E&P Permian Resources Bolt-On Assets From APA Corp 
05/03/2025 E&P Riley Permian Acquires PE-Backed Silverback II For $142million 
04/22/2025 E&P EQT Acquires Olympus Energy Assets For $1.8 Billion 
04/01/2025 E&P TG Natural Resources Acquires Interest in Chevron’s Haynesville Asset 
03/24/2025 E&P Validus Energy Continues Buying Spree, Takes Out Anadarko Basin-Focused 89 Energy III 
Total

Latest Transaction News

Argentina News >>>