GeoPark Acquires Frontera Energy's Colombian Assets for $375M.

GeoPark has agreed to acquire Frontera Energy's oil and gas exploration and production assets in Colombia for $375M in cash and an additional $25M payment contingent on certain development milestones. The deal includes Frontera's existing Colombian E&P assets and its 80% interest in the Chaza field. The transaction is expected to close by Q2 2023.