Tag

Frontera executes $750 million USD divestment of Colombian E&P assets, pivoting to infrastructure focus and LNG regasification venture with Ecopetrol.

Frontera continues to add to its Colombia operations with activities in Guyana and Ecuador.

Petroleum producer Frontera Energy Corporation (TSX: FEC) last week announced responses to the lower oil price environment caused by excess global supply and the Coronavirus COVID-19 pandemic, including a reduction in the 2020 capital plan and acceleration of cost savings initiatives.

Petroleum producer Frontera Energy (TSX:FEC)has announced an increase in production to 65,560 barrels of oil per day , equivalent in the first quarter of 2019, up 4% from the same quarter last year. The Canada based company with operations in Colombia attributes the increase to...

Frontera Energy (TSX:FEC) achieved or exceeded its original 2018 guidance targets, with the exception of production guidance where it achieved revised guidance. Average production before royalties of 71,032 boe/d (within guidance range of 70,000 to 72,000 boe/d), operating EBITDA...

Frontera Energy said future moves "may include accelerating or increasing share buyback programs, dividend payments, and investments."

The next step for the well will be to run and cement a liner in preparation for further testing, which is expected to take “several weeks,” said Frontera.

This represents a 1.6% increase over the production in May 2017 and a 0.1% increase from last month.

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.

Frontera Energy this week suspended operations at a site in Casanare in response to violence, intimidation, and threats.