Wednesday, March 11th, 2026
Ecopetrol’s Permian Basin operations in the United States contributed 13.8% of total company production in 2025, emerging as one of the best-performing assets despite the Petro administration’s continued push to divest the fracking-based asset.
Colombia produced 746,444 barrels per day of oil in January 2026, representing a 3.03% decline compared to January 2025’s 769,751 bpd.
The Colombian government ordered the refund of over CoP$150B to natural gas users for overcharges in the transport component of tariffs. Gas transporters TGI, Promigas, and three other companies immediately rejected the order, denying any improper charges and threatening legal action.
GeoPark declined to raise its offer for Frontera Energy’s Colombian exploration and production assets, ending its bid after determining that matching a superior proposal from Parex Resources would not meet the company’s return thresholds.
Colombia’s natural gas shortage is driving an environmental reversal in the industrial sector, forcing companies to switch from cleaner fuels to more polluting alternatives. Between January 2025 and January 2026, Colombian industry substituted 38.6 Giga BTU per day of natural gas – equivalent to 16% of non-regulated industrial demand – with higher-emission fuels.
On Sunday, Colombians voted for the Senate and lower chamber (Representatives). As of writing, there are no official results but the much simpler Senate structure makes it easier to be reasonably accurate with predictions, based on the popular vote.
Frontera Energy reversed course March 5, 2026, determining that a binding offer from Parex Resources to acquire its Colombian upstream exploration and production assets constitutes a “Superior Proposal” compared to its previously announced arrangement with GeoPark Limited.
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