Fracking in the Permian Saved Ecopetrol's Year Again: It Now Represents 14% of Production
The fracking operation in the Permian Basin, Texas (United States), is becoming an increasingly relevant piece within Ecopetrol's oil portfolio. The figures show that this operation already accounts for about 14% of the company's total production, a share that has been steadily growing in recent years.
TL;DR
- Ecopetrol's fracking operation in the Permian Basin, Texas, now accounts for approximately 14% of its total production.
- This US-based production has compensated for a decline in Ecopetrol's output within Colombia.
- Colombian production decreased by 11,000 barrels per day (about 2%), while Permian production increased by a similar amount.
- Ecopetrol and Occidental Petroleum (Oxy) have extended their development plan in the Permian's Midland sub-basin.
- The extension includes drilling 39 wells between July 2026 and July 2027, with an estimated investment of US$235 million.
- International production growth, including from offshore assets in the Gulf of Mexico, is helping to offset pressures on production in Colombia.