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Ecopetrol SA

Company Summary

Description

Ecopetrol is the largest and primary petroleum company in Colombia

Website

http://www.ecopetrol.com.co/wps/portal/es

Operational Regions

  • South America

Financial Data:

NYSE:EC from Google Finance

Tickers:

  • EC - New York Stock Exchange
  • ECP - Toronto Stock Exchange

Related Entities

Recent news

  • 2/11/2020 - Shell & Ecopetrol Sign... (subscriber access)
  • 11/27/2019 - Ecopetrol Subsidiary... (subscriber access)
  • 11/25/2019 - Ecopetrol Expects... (subscriber access)
  • 11/25/2019 - Ecopetrol Expects to... (subscriber access)
  • 11/25/2019 - Ecopetrol Expects to... (subscriber access)

Company Transactions

Date: 8/1/2019
Type: Joint Venture

DETAILS:

COST: 1.5 $B

ACRES: 97000 Acres

NOTES:
Ecopetrol and Occidental Petroleum have entered into a joint-venture to develop 97,000 net acres in the Midland Basin, which are owned by Occidental. The JV will allow Ecopetrol to book 160 MMboe in proved undeveloped reserves upon closing, with plans to boost production to 95 Mboe/d by 2027. Ecopetrol will pay $750 million in cash and $750 million in carried capital for a 49% stake in the JV, and during the carry period Ecopetrol will pay 75% of Oxy's share of capital spending.
REGIONS:
  • Midland Basin