News and AnalysIs for

The ANH published gas production for January and February 2026 and the story has worsened yet again.

Colombia’s national oil production averaged 734,924 bd in February 2026, coming in 2.3% above the proven reserves (1P) production scenario of 718,168 bd, the Agencia Nacional de Hidrocarburos (ANH) reported on March 30.

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 ANH reports that commercialized natural gas production in December 2025 stood at 692.91 million cubic feet per day (mcfd). This monthly variation does not compromise the country’s energy security nor is it due to public policy decisions by the national government.

Colombia registered its worst trade deficit in history in 2025, reaching US$16.B FOB, surpassing pandemic-era records. Meanwhile, extractive industry trade balance contributed positively, although declining as well. DANE also published GDP for 4Q25 so we look at that from a sector perspective.

Colombia’s petroleum sector suffered significant production declines in 2025, costing the economy approximately US$660M (CoP$2.3T)—equivalent to nearly 30% of the recently declared economic emergency value—according to data from the Colombian Chamber of Petroleum, Gas and Energy (Campetrol).

Colombia’s natural gas production averaged 1,265 million cubic feet daily between January and November 2025, representing an 11.7% decline compared to the same period in 2024.

Colombia’s oil production declined 3.6% year-over-year through November 2025, averaging 744,645 barrels per day compared to 774,180 bpd in the same period of 2024, according to the ANH.

Ecuador’s decision to raise crude transport tariffs through its Trans-Ecuadorian Pipeline System (SOTE) from US$3 to US$30 per barrel—a 900% increase—has forced Colombian oil companies to evaluate costly alternatives for evacuating production from southern Putumayo department.