News and AnalysIs for

Oil production in Colombia showed stable performance throughout 2018, but the National Hydrocarbons Agency (ANH) has not reported information per field for the last two quarters of the year. However, the agency recently reported 2Q18 figures per field and we updated our database to analyze oil companies’ production metrics.

Gran Tierra Energy (TSX: GTE) announced its 2018 year-end estimated reserves as evaluated by McDaniel & Associates Consultans Ltd. The firm reported its estimated prospective resources as well. GTE production increased in Colombia.

Ecopetrol’s (NYSE) CEO, Felipe Bayón, spoke about the importance that fracking has for Colombia in a scarce oil environment.

Walfredo Linhares, CEO of Bioenergy, spoke about the company’s ethanol production expectations for the coming years. He highlighted the relevance of the production plant located in the department of Meta.

Amerisur Resources Plc announced reserves, and gave an operational and production update for its two core regions of Colombia. The company announced its 2019 work program in the country.

The Orinoquia Regional Vice Presidency (VRO) of Ecopetrol (NYSE: EC) reported its production in the first weeks of January 2019, with excellent results.

Gran Tierra Energy (TSX: GTE) announced its 2019 capital budget and production guidance. The firm announced an operational update, reporting a record high production during the fourth quarter of 2018 and positive exploration results.

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for December 2018. The good trend continues, as the industry reported more rigs working in this period compared to December 2017 and previous month.

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for December and the total average for 2018. Crude and natural gas production grew in the last month last year.

The industry keeps reporting positive results from its operations in the Llanos Orientales region, this time in Ecopetrol’s (NYSE:EC) and Parex’s (TSX:PXT) Capachos block.