Argentina M&A | GeoPark enters the Vaca Muerta in latest deal

May 17, 2024

On 13 May 2024, GeoPark announced the acquisition of a non-operated stakes in four contiguous Vaca Muerta blocks from Phoenix Global Resources (PGR) for a consideration of US$258 million. The acreage lies in the Black Oil window. The key block in the acquired portfolio is Mata Mora Norte, currently producing around 12,000 boe/d – the other three blocks (Mata Mora Sur, Confluencia Norte, Confluencia Sur) are still in the exploration phase.