What
GeoPark Limited (GPRK) provided on July 15, 2019, an operational update for the 2Q2019. Below, let's look beyond the headline and glean its implications for the investors in this leading Latin American E&P company.
Production - The consolidated oil and gas production went up 9% to 39,201 boe/d on a year-over-year basis, but it actually declined by 0.9% from 1Q2019 when the company averaged 39,557 boe/d (Fig. 1).
Sequentially, oil production dropped by 0.28%, while gas production fell by 4.98%.
Fig. 1. The consolidated production profile of GeoPark. Source: Laurentian Research.
Operations