GeoPark Triples Vaca Muerta Acreage With Award of Corralera Noreste Block
GeoPark won the Corralera Noreste block in Neuquén Province's Ronda 1/2026 bidding round, tripling its Vaca Muerta acreage with ~26,900 gross acres (24,200 net at 90% WI) where it will be operator. The deal carries approximately $95 million in total committed cost, including a $60.5 million access bonus, plus a work program of two horizontal wells (2,000m laterals, 30 frack stages) over a four-year exploration period. GeoPark estimates ~200 mmboe of unrisked gross resource potential with potential gross peak production of 40,000-50,000 boepd, subject to appraisal and de-risking.
Key figures
- Deal Value Usd
- 95000000
- Royalty
- 12%
- Net acres
- 24200
- Gross acres
- 26900
- Access bonus
- $60.5 million
- Commitment wells
- 2 horizontal wells, 2,000m laterals, 30 frack stages
- Working interest
- 90%
- Committed cost per net acre
- $3,900
- Exploitation concession years
- 35
- Unrisked gross resource mmboe
- 200
- Potential gross peak production boepd
- 40,000-50,000
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.