Gran Tierra Energy reported Q1 2026 total working interest production of 45,497 boed, 2% below both Q4 2025 and Q1 2025, with Colombia contributing 21,319 boed. The sequential decline reflects waterflood optimization timing in Colombia and the disposal of the Canadian Simonette Montney assets for US$49M, partially offset by stronger-than-expected results from the Conejo wells in Ecuador’s Charapa Block.
The Ministry of Mines and Energy has published a draft decree that would overhaul the rules governing Colombia’s natural gas market, targeting what the government characterizes as speculative behavior in secondary trading that is driving up costs for households, industry, and commerce.
The Unión de Trabajadores de la Industria Petrolera y Energética de Colombia (UTIPEC) has filed a formal complaint with the U.S. Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE), alleging that Ecopetrol is undergoing a process of decapitalization driven by governance failures and politically motivated energy policy decisions.
Colombia’s poultry industry is warning that a potential gas supply shortage would hit production costs and operational viability, adding an agricultural dimension to a crisis already well understood in power generation circles.
I had dinner this week with some industry members and, unsurprisingly, the election and what comes next – the topic of last week’s long article – was top of mind.
The Colombian oil equipment and services industry association Campetrol released its 2025 Oil Sector Balance, covering second-half 2025 performance, full-year close data, and early 2026 figures, with a supplementary analysis of Venezuela’s hydrocarbons industry drawn from a sectoral outreach mission Campetrol conducted in the neighboring country.
2026, Hydrocarbons Colombia, All Rights Reserved.
