Welcome to our dedicated page for Gran Tierra Energy news (Ticker: GTE), a resource for investors and traders seeking the latest updates and insights on Gran Tierra Energy stock.
Gran Tierra Energy Inc. reports developments as an independent oil and gas exploration and production company with operations and assets in Colombia, Ecuador and Canada. Company news commonly covers production volumes, oil and gas sales, reserves, capital spending, operating results and guidance across its Colombia, Ecuador, Canada and Other segments, with Colombia accounting for the majority of revenue.
Updates also address portfolio management, material agreements, debt and liquidity actions, senior secured notes, annual meeting results, board composition and proxy matters. Releases are tied to the company’s GTE listings on NYSE American, TSX and LSE and often include quarterly or year-end metrics for oil, natural gas and natural gas liquids.
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Gran Tierra Energy Inc. (NYSE American:GTE)(TSX:GTE)(LSE:GTE) has provided an operational update for Q2 2023. The company achieved total average production of approximately 33,800 BOPD, a 7% increase from Q1 2023. Year-to-date average production stands at 32,900 BOPD, with current production at 34,800 BOPD.
The company expects 2023 capital expenditures to be at the lower end of the previously guided range of $210-$230 million. In the first half of 2023, Gran Tierra drilled 21 development wells, including 14 new producers and 7 new injectors. The Acordionero field averaged approximately 18,000 BOPD in Q2 2023.
Gran Tierra completed its drilling campaigns at Costayaco and Moqueta fields. The CYC-54 well, the northernmost well in Costayaco, showed promising results with a 48-hour production test rate of 1,464 BOPD. The company plans to release its Q2 2023 financial results on August 1, 2023.
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