GeoPark reports 2.6% production increase in third quarter

GeoPark Limited (NYSE:GPRK) announced a 2.6% rise in average oil and gas production for the three months ending September 30, 2026, compared to the prior quarter. The company's daily production averaged 27,973 barrels of oil equivalent, up from 27,271 boepd in Q2 2026. GeoPark carried out eight new well completions in Colombia and five in Argentina during the period, operating eight rigs in total.

In Colombia, production in the Llanos 34 Block fell marginally to 15,393 boepd, while the CPO-5 Block produced 6,073 boepd. An exploration well in the Milano 1X Block in Colombia tested 22 feet of net pay in the Mirador Formation, producing 1,000 barrels daily with a 30% water cut. Meanwhile, production in the Llanos 123 Block rose 11.6% to 3,538 boepd, and a development well in Argentina's Toritos Norte 2 project reached 1,100 bopd with a 5% water cut.

Argentina's gross production jumped 50.6% to 2,108 boepd after five newly fractured wells came online at Pad 1030. GeoPark intends to expand into Venezuela's Bare Block, with plans to drill additional wells in Colombia and Argentina by the fourth quarter.