News and AnalysIs for

Higher oil prices have knocked gas off its perch as Colombia’s most profitable hydrocarbon, at least on a netback basis. We update our charts with the results of 1Q18 and comment about what this shift might mean.

The Colombian Association of Natural Gas (Naturgas) made an analysis on the situation of key metrics of the gas sector such as production, self-sufficiency and capacity. The association called for more collaboration from Colombian authorities to boost the development of the industry.

Ecopetrol (NYSE: ECP) announced a major project to be carried out in the Cupiagua field. The NOC said that this project will help improve operations in this important field, generate social benefits and increase production.

On May 1st, Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the quarter ended March 31, 2018. The company reported a record high average quarterly Colombia production and the firm keeps demonstrating ongoing strong financial performance.

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

Ecopetrol (NYSE: EC) gave details about the Akacías field in Meta, but will social issues be an obstacle for its development?

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for April 2018. The good trend continues although the industry reported one rig less compared to previous month.

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended March 31, 2018. Average production increased, and the firm reported a positive net income during this quarter. CNE also announced management’s goals for 2018.

Political and economic problems in South American countries are leaving a gap in oil exports to the United States that Colombia is levering. Experts talked about this situation, as well as of opportunities for the country.

Frontera Energy (TSX: FEC) announced its financial and operating results for 1Q2018. The company reported advances in its drilling program with excellent results and production increased during 1Q18 compared to the previous quarter.