GeoPark’s Bayon Eyes Growth After Deal in Argentina Shale Patch

Latin American oil and gas producer GeoPark Ltd. plans to keep expanding after striking a deal to enter Argentina’s prized Vaca Muerta basin, according to Chief Executive Officer Felipe Bayón.

The Bogotá-based driller last month agreed to pay $115 million to acquire a 100% operated working interest in two blocks from Pluspetrol SA, marking its return to Argentina and first step into the massive shale formation.