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SierraCol Energy reported third-quarter adjusted EBITDAX of US$118.5M, down 42% from the second quarter and 15% from a year earlier, as a lower realized price, a 12% stronger Colombian peso and heavier activity pushed the margin down to 48% from 67%.

Parex Resources has found more gas and light crude at its VIM-1 block in Magdalena department, where a well drilled near the producing La Belleza field tested at 6,600 boe/d, and the company plans a new pipeline for mid-2027 to bring the gas to market.

Colombia’s environmental licensing authority, ANLA, has removed three follow-up requirements for Komodo-1, an offshore oil and gas exploration project on block COL-1 in the Caribbean Sea, run by Occidental with Ecopetrol as partner.

Frank Pearl, executive president of oil and gas association ACP, is asking for stability guarantees of up to 30 years for large, long-horizon projects, and says some fracking contracts are ready to start without pilots.

Parex Resources reported third-quarter production of 83,264 boe/d, up 89% from 43,953 boed a year earlier and 54% from the second quarter, with the Frontera E&P acquisition, which closed June 1st, in the numbers for the full quarter.

Colombia’s environmental licensing authority, ANLA, will publish terms of reference for fracking, its director Sergio Piñeros said at the IX Oil, Gas and Energy Summit in Cartagena.