Frontera Energy Corporation (TSX: FEC) has delivered estimated third quarter 2019 production of 70,200 boe/d (barrels of oil equivalent per day) in-line with 2019 year to date production of 70,820 boe/d, both of which are above the high end of Frontera’s annual production...
Despite high oil prices, Frontera realized just $249.5 million USD in sales in the quarter compared to $316.6 million USD in the first quarter of 2017.
The expiration of a contract between Pacific Exploration and Ecopetrol cedes the Canadian firm's 43% stake in the vast Campo Rubiales field to the state-run oil company.