News and AnalysIs for

Parex (TSX: PXT) announced its financial and operating results for the third quarter of 2018. The firm reported oil production growth and good financial performance. Parex declined to update its potential strategic repositioning.

Francisco Lloreda, President of the Colombian Petroleum Association (ACP), wrote an Op-Ed about fracking.

Ecopetrol (NYSE: EC) announced its third quarter 2018 results. The NOC’s financial performance considerably increased compared to previous year, proving that the company is levering current oil prices. The firm highlighted good advances in its drilling campaign during this quarter.

CEO Felipe Bayón spoke about the NOC’s plans in the Middle Magdalena (Santander); an area with great potential.

Geopark Limited (NYSE: GPRK) announced its operational update for the three-month period ended September 30, 2018. The company reported a new production record and exploration success in the Llanos 34 block during this quarter.

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

National Hydrocarbons Agency (ANH) new director, Luis Miguel Morelli, spoke about the process that the entity is developing to set clear rules for the use of fracking.

We recently published the MinMinas estimate of September crude oil production and while the press release (and our story) focused on the (slight) increase month-over-month and year-over-year, the interesting angle is the surprising stability dating from 3Q16 – spanning three years.

The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for September 2018. Crude increased slightly compared to the same period of last year, and gas showed positive behavior as well.

Colombia continues talking about the possibility of developing unconventional projects via the hydraulic fracturing technique (fracking). The Colombian petroleum workers (USO) spoke about this alternative and its potential in some municipalities of the country.