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Latin America and Caribbean (LAC) region energy news, analysis, commentaries and opinions since 1999.

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Tag: Ecopetrol Permian

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Ecopetrol Reports 104% Reserves Replacement in 2024, Average Reserve Life of 7.6 Years
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Ecopetrol Reports 104% Reserves Replacement in 2024, Average Reserve Life of 7.6 Years

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PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Feb.2025) — Bogotá-based Ecopetrol SA boosted its net proven crude oil, natural gas and condensates reserves (1P reserves) to 1,893 million barrels of oil equivalent (MMboe) at year end 2024, up 10 MMboe compared to 2023. The company’s reserve replacement ratio was […]

Ecopetrol 2023 Results: Second Best in History [PDF Downloads]
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Ecopetrol 2023 Results: Second Best in History [PDF Downloads]

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(Ecopetrol, 7.Nov.2023) — Within the framework of Ecopetrol‘s 15th anniversary celebration on the New York Stock Exchange, we hosted our Investor Day, during which we reaffirmed our 2040 Strategy, “Energy that Transforms”. Among the key points presented to the market, I would like to highlight the following: i) our steadfast […]

Ecopetrol and Oxy Finalize Permian Deal
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Ecopetrol and Oxy Finalize Permian Deal

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(Ecopetrol, 13.Nov.2019) — Ecopetrol S.A. completed the joint venture transaction announced on 31 Jul. 2019. Through this deal, the company and Occidental Petroleum Corp agreed to form a strategic alliance or joint venture for the development of unconventional reservoirs in approximately 97,000 acres of the Permian Basin in the state […]

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