Reuters BOGOTA – Colombia’s state-run oil company Ecopetrol ECO.CN will look to increase the number of exploratory wells it has planned through 2022 to up to 45 in a bid to further bolster reserves, company executives said on Wednesday. Ecopetrol will also roll over $434 million in debt set to expire this year, the executives said. Ecopetrol drilled 20 wells
Nov. 13, 2019 /PRNewswire/- (“Occidental” or “the Company”) (NYSE: OXY) today, provided an update on its speed and momentum executing against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum (“Anadarko”) on August 8, 2019. Occidental’s incremental progress following third-quarter earnings includes: Ecopetrol Joint Venture: Occidental has completed the transaction to
BOGOTÁ, Colombia, Nov. 13, 2019 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“the Company”) informs that today it completed the joint venture transaction announced last July 31, 2019. Through this deal, the Company and Occidental Petroleum Corp (NYSE: OXY) agreed to form a strategic alliance or Joint Venture (“JV”) for the development of unconventional reservoirs in approximately 97,000 acres of the Permian Basin in the State of Texas (US). For these purposes, Ecopetrol Permian
By Tyler Losier, Energy Reporter, Oil & Gas 360 Occidental Petroleum and Ecopetrol S.A. form joint venture in the Midland Basin Occidental Petroleum Corporation (stock ticker: OXY), the fourth largest public E&P by market capitalization, has formed a joint venture (JV) with Colombia-based Ecopetrol S.A. (stock ticker: EC) to develop 97,000 net acres of Occidental’s Midland Basin properties, subject to
From The Houston Chronicle Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August. Houston-based Oxy said it plans to close the Anadarko deal next week after the scheduled Aug. 8 vote of Anadarko shareholders to
From Reuters Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to derivatives contracts and lower natural gas prices. Core income fell to $729 million, or 97 cents per share, in the
Ecopetrol reports discovery of crude in Boranda-2 ST well at Rionegro, Santander
Arrow Exploration Corp. Arrow Exploration Corp. (stock ticker: AXL:CA), operating in Colombia via its 100% owned subsidiary Carrao Energy S.A., announced that the 11-day production test of its Rio Cravo Este-1 (RCE-1) exploration well had concluded June 9. RCE-1 is located on the Tapir block in the Llanos basin. Source: Arrow Exploration The well was originally spud on April 25
From Reuters Colombia’s state-run oil company Ecopetrol SA is looking to spend $500 million in exploring unconventional deposits over the next three years, its chief executive said on Tuesday, starting with pilot programs in the Magdalena Medio region. “We’ve applied for some licenses, we will apply for more… roughly 20 wells that will need to be drilled, fracked, cored, lobed,
Ecopetrol will invest US$ 3.5 to US$ 4 billion in 2019
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that due to her appointment as the Republic of Colombia’s Minister of Mines and Energy, María Fernanda Suárez has resigned from Ecopetrol, effective August 6, 2018.
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports it will prepay all loans entered into in 2013 with international banks and guaranteed by the US Export-Import Bank, which had been subject to a payment schedule to 2023. The loan agreements allow Ecopetrol to prepay without penalty all principal on the interest payment dates, which are scheduled for July 6 and 25,
