GeoPark Limited (GPRK): history, ownership, mission, how it works & makes money

A Brief History of GeoPark Limited (GPRK)

Foundation and Early Years

GeoPark Limited was established in 2002 by a group of entrepreneurs led by James F. Park. The company is headquartered in Santiago, Chile, and primarily focuses on oil and gas exploration in Latin America.

Initial Public Offering

In March 2014, GeoPark went public on the New York Stock Exchange (NYSE) under the ticker symbol GPRK. The IPO was part of a strategy to raise capital for its expansion across the South American region.

Acquisitions and Growth

Over the years, GeoPark has made several strategic acquisitions:

• In 2015, acquired Amoco assets in Colombia for $100 million.
• In 2016, acquired Petrobras assets in Chile at a cost of $20 million.
• In 2019, GeoPark purchased Perenco's assets for $106 million.

Production Statistics

As of 2023, GeoPark reported a daily production volume of approximately 37,000 BOEPD (Barrels of Oil Equivalent per Day). The breakdown includes:

Financial Performance

GeoPark's financial performance has shown significant growth over the years. Key financial figures for the year 2022 include:

Market Expansion

GeoPark has strategically expanded its presence in several countries:

• Colombia
• Chile
• Brazil
• Argentina
• Peru

Sustainability and Future Endeavors

In 2021, GeoPark announced a commitment to reduce its carbon footprint, targeting a 25% reduction by 2025. The company is actively investing in renewable energy projects alongside traditional oil and gas exploration.

Recent Developments

As of the second quarter of 2023, GeoPark reported a total debt of $250 million and a cash reserve of $100 million. The company's stock price has experienced fluctuations, closing at approximately $8.50 in September 2023.

A Who Owns GeoPark Limited (GPRK)

Overview of Ownership Structure

GeoPark Limited (GPRK) is an independent oil and gas company primarily engaged in the exploration, development, and production of oil and natural gas in Latin America. As of October 2023, the ownership structure showcases a diverse shareholder base, including institutional investors, company executives, and retail investors.

Major Shareholders

The following table outlines the major shareholders of GeoPark Limited, including their ownership percentages as per the latest filings:

Executive Management Holdings

The executive team of GeoPark Limited holds a significant portion of shares, which aligns their interests with those of the shareholders. The following table illustrates the holdings of key executives:

Recent Changes in Ownership

Over recent months, changes in ownership have occurred due to trading activities. The following table reflects the recent changes noted in institutional holdings:

Stock Performance Overview

GeoPark Limited's stock performance provides insights into market perceptions of ownership. Below is a summary of key stock performance metrics for GPRK:

Conclusion on Ownership Dynamics

The ownership structure of GeoPark Limited illustrates a blend of institutional and retail ownership, coupled with significant insider stakes, reflecting confidence in the company's future. Tracking changes in ownership, stock performance, and executive holdings is vital for understanding the company's strategic positioning in the oil and gas sector.

GeoPark Limited (GPRK) Mission Statement

Corporate Overview

GeoPark Limited is a leading independent oil and gas exploration and production company operating in Latin America. The company's core mission is focused on delivering sustainable growth and value for its stakeholders through a combination of operational excellence, strategic acquisitions, and responsible energy production.

Mission Statement

GeoPark's mission statement emphasizes a commitment to:

• Maximize shareholder value.
• Provide sustainable and responsible resource development.
• Enhance the well-being of the communities in which they operate.
• Maintain high standards of environmental stewardship.
• Foster a culture of safety and innovation among employees.

Financial Performance Indicators

As of Q2 2023, GeoPark reported significant financial metrics:

Operational Highlights

GeoPark's operational metrics showcase its commitment to effective resource management:

• Average daily production as of Q2 2023: 35,000 BOEPD (barrels of oil equivalent per day).
• Successful drilling program with a 90% success rate in its exploration activities.
• Majority of production from assets in Colombia and Chile.

Sustainability Initiatives

GeoPark actively pursues sustainability initiatives as part of its mission:

• Reduction of greenhouse gas emissions by 30% from 2019 levels.
• Investment of 1.5% of pre-tax profits into community development projects.
• Shifting to renewable energy sources for operational needs by 2025.

Community Engagement

The company prioritizes community engagement in its mission:

• Employment of over 1,000 local workers in various regions.
• Support for education and health programs in operational areas.
• Partnerships with local NGOs to enhance community welfare.

Future Goals

GeoPark's future goals aligned with its mission statement include:

• Increase production to 50,000 BOEPD by 2025.
• Expand operations into new countries within Latin America.
• Achieve carbon neutrality by 2030.

How GeoPark Limited (GPRK) Works

Company Overview

GeoPark Limited (GPRK) is a prominent independent oil and gas exploration and production company operating in Latin America. As of December 31, 2022, GeoPark had a total production volume of approximately 34,870 barrels of oil equivalent per day (boepd).

Operational Regions

GeoPark's operations primarily focus on the following countries:

• Colombia
• Chile
• Brazil
• Argentina

Financial Performance

In the fiscal year ending December 31, 2022, GeoPark reported a total revenue of $531.4 million, with an adjusted EBITDA of $273.5 million. The company's net income for the same period was $131.9 million.

Production Capacity

GeoPark's production breakdown for 2022 was as follows:

Exploration and Development

GeoPark focuses on continuous exploration and development efforts. As of 2022, the company had a total of 41 exploration and production blocks. GeoPark has successfully drilled 19 new wells, increasing its reserves significantly.

Capital Expenditures

For 2022, GeoPark allocated approximately $104 million for capital expenditures (CapEx), primarily directed toward drilling and development projects.

Reserves and Resource Estimates

As of the end of 2022, GeoPark reported proved reserves of approximately 77.6 million barrels of oil equivalent (MMboe), with total reserves (including probable) of approximately 114.6 MMboe.

Market Position

GeoPark has established itself as a key player in the Latin American oil and gas sector. The company’s market capitalization was approximately $635 million as of the end of 2022.

Environmental Commitment

GeoPark is committed to sustainability and minimizing environmental impact. The company has invested significantly in renewable energy initiatives, including a solar power project in Colombia.

Key Financial Ratios

The following financial ratios are crucial for assessing GeoPark's economic health:

Strategic Initiatives

GeoPark has implemented various strategic initiatives to enhance operational efficiency and maximize production, including:

• Technological upgrades in drilling techniques
• Partnerships with local and international companies
• Focus on reducing operational costs

How GeoPark Limited (GPRK) Makes Money

Revenue Streams

GeoPark Limited generates revenue primarily through the exploration, production, and sale of oil and natural gas. As of 2022, the company reported revenues of approximately $586 million.

Production and Sales of Oil and Gas

The company's production in 2022 was approximately 38,000 barrels of oil equivalent per day (boepd). The breakdown of production was as follows:

Geographic Operations

GeoPark operates in several countries, including:

• Colombia
• Chile
• Argentina
• Brazil

In Colombia, the company holds a significant position with production contributing to around 72% of total revenues, driven by high-quality oil reservoirs.

Cost Management

The operating costs for GeoPark in 2022 were around $15 per boe. This reflects the company’s commitment to maintaining a competitive cost structure, allowing for higher margins despite fluctuating oil prices.

Financial Performance

For the year ending December 31, 2022, GeoPark's adjusted EBITDA amounted to approximately $298 million, with an overall profit margin of 51%.

Market Dynamics

GeoPark's revenues are heavily influenced by global oil prices. As of October 2023, Brent crude oil prices are hovering around $90 per barrel, which provides a favorable environment for revenue generation.

Investment in Exploration

GeoPark has invested approximately $150 million in 2022 for drilling and acquisition activities aimed at increasing reserves and production capabilities.

Future Growth Strategies

The company plans to grow through:

• Acquisitions of new assets
• Enhancements in existing fields
• Diversification into renewable energy sources

In terms of capital expenditure, GeoPark allocated about $150 million for development projects in 2023, indicating a robust pipeline for future growth.

Overall Market Outlook

The oil and gas sector's volatility presents both challenges and opportunities. GeoPark's strategic positioning within stable countries and its focus on efficiency are essential for navigating market changes.