The share price of GeoPark Limited (NYSE:GPRK) increased by 10.04% between January 22 and January 29, 2026, placing it among the The energy stocks that gained the most this week.

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 entered into an agreement to acquire the oil and gas exploration and production assets of Frontera Energy 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 strengthening its ability 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 proved and probable (2P) reserves and 99 million equivalent to its proven reserves. It is also expected to increase the company’s pro forma production to more than 90,000 boepd and its EBITDA to approximately $950 million by 2028. This is effectively double Geopark’s previously announced standalone outlook for 2028 of 44,000-46,000 boepd and EBITDA of $5249 million. In addition, the combination is expected to deliver synergies reaching a recurring annual 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 duration and continued growth of our bottom line production. Vaca Muerta, beyond the financial and production metrics, this transaction enables a comprehensive development approach to assets such as Quifa and the broader Llanos portfolio, allowing us to expand plateau production, capture synergies and reinvest efficiently.

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