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Geopark Limited (NYSE: GPRK) announced its third quarter 2019 operational update, confirming a growing production base, new oil fields and the expansion of its opportunity platform

Parex Resources (TSX: PXT) announced its third quarter 2019 operational update. Its production continues on the right track and the firm completed a share buy-back.

Venezuela is facing a difficult political, economic and social situation, which has led to an abrupt decline in its oil production. Colombia, a non-oil country, has overtaken Venezuela in this important metric.

The Ministry of Mines and Energy (MinEnergia) reported oil and gas production figures for August 2019. Crude production increased during the first eight months of this year compared to same period 2018.

Geopark Limited (NYSE: GPRK) gave positive news for the country, thanks to the star block Llanos 34.

Juan Pablo Ruiz, one of the members of the Commission of Experts, explained what is the purpose and scope of the fracking pilot projects that the industry wants to develop in Colombia.

The National Hydrocarbons Agency (ANH) spoke about the sector’s reactivation and relevance of the Permanent Competitive Process (PPAA) and ‘League B’ in this process.

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for August 2019. Working and contracted rigs increased compared to same period last year.

Elkin Mauricio Arboleda Muñoz, Master in Engineering-Mineral Resources from the National University of Colombia (UNAL), conducted a study on the hydrocarbon potential of the Umir formation and the Middle Magdalena basin.

Colombia continues to discuss the possibility of implementing unconventional techniques to develop oil projects. This time, the Fifth Senate Commission moderated a debate on the matter.