News and AnalysIs for

Based on a reader question, we decided to look at the available data on reinjected gas. That did not turn out to be easy, at least going back in time, (See Methodological Note) but did allow us to look at some other interesting questions like solving the looming supply gap.

The department of Casanare is one of the main oil-producing regions in Colombia. The oil crisis seriously affected the economy of this region, but the department saw this situation as an opportunity.

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

With better oil prices, Ecopetrol (NYSE:EC) could go back to producing 1mmbl, but according to CEO Felipe Bayón, that is not the company’s priority.

The National Hydrocarbons Agency (ANH) announced several exploration drilling projects for this year, generating many expectations about its possible benefits for the country’s reserves. However, the plans have not advanced as quickly as expected.

Oil production has gone through some difficult years recently, and companies in the sector have worked to solve this situation as soon as possible. Ecopetrol (NYSE: EC) announced that two important fields reported good production metrics in 2Q18.

Colombia has more than 400 oil fields, but just a few produce half of Colombian oil. We updated our database according to figures from the National Hydrocarbons Agency (ANH) and here are the top ten oil producing fields in 4Q17.

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

The oil sector has proposed the implementation of unconventional techniques to increase reserves, but this alternative has generated much concern and controversies. Communities are taking legal actions to prohibit techniques such as fracking in Colombia.

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