GeoPark Triples Vaca Muerta Acreage With Award of Corralera Noreste Block
Business Wire•21/10/2026•13:18 ET
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Key Highlights
- ➤GeoPark awarded Corralera NE, tripling its Vaca Muerta acreage position
- ➤$95 million total committed cost includes a $60.5 million access bonus
- ➤Corralera NE offers approximately 24,200 net acres at 90% working interest
- ➤~200 mmboe unrisked gross resource potential based on two landing zones
- ➤Initial program includes drilling and fracking two 2,000-meter horizontal wells
Expert Statements
Felipe Bayon, Chief Executive Officer of GeoPark
“Corralera NE adds a material long-term upside to our Argentina portfolio and expands GeoPark’s position in Vaca Muerta. We will approach it with the same capital discipline we apply across our portfolio: first addressing the key subsurface uncertainties through a focused appraisal program, and then requiring each additional phase to earn the next dollar of capital through technical performance and attractive economics. This phased approach gives us exposure to significant potential upside while maintaining financial flexibility and protecting long-term returns. We thank GyP and the Province of Neuquén for conducting this process and look forward to continuing to work together to responsibly develop the province’s energy resources.”
GeoPark Triples Vaca Muerta Acreage With Award of Corralera Noreste Block
Material Long-Term Unconventional Resource Potential Through a Disciplined and Phased Investment Project
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