Gran Tierra Achieves Record Production of 48,235 boepd in December 2025
December 2025 Average Production: The Company's achieved a total Company average production of 48,235 boepd for the month of December, 2025 - the highest monthly production achieved in Company history. Ecuador: Production: During the fourth quarter of 2025, Gran Tierra achieved a daily production rate of 10,000 bopd in Ecuador. Current production rates are approximately 8,800 barrels of oil per day. Fulfilled Ecuador Exploration Commitments: All Ecuador exploration commitments have been finalized, highlighted by successful discoveries at Conejo in the Hollin and Basal Tena sands, which together delivered combined IP60 rates of approximately 3,238 bopd. Conejo A-1 and A-2 Wells: The two Conejo wells continue to produce1 roughly 2,700 barrels of oil per day. Both discoveries added drilling locations. IP60 production rates from A1 and A2 are 1,921 and 1,317 bopd respectively. Field Development Plans: In the first quarter of 2026, the Iguana FDP was approved. The Chanangue FDP received approval in the third quarter of 2025, while the Charapa and Conejo FDPs were formally submitted in fourth quarter of 2025 and remain under review. In addition, the Perico and Espejo FDPs associated with the previously announced acquisition, have been submitted and are currently undergoing the regulatory review process. Perico and Iguana Field: The Perico field has now been fully integrated into our portfolio with optimizations being developed to capture synergies as we move into 2026 - these include projects such as gas to power, waterflood initiation and operational optimizations. Waterflood: Gran Tierra continues to advance it waterflood development program in line with the approved field development plan. A successful injectivity test in the Basal Tena in the Chanangue field was completed, a key technical milestone supporting the water injection pilot. Construction of the associated water treatment and injection facilities is progressing, targeting an early 2026 injection start. In parallel, the Company plans a second injector conversion in the Basal Tena at Chanangue in the second quarter of 2026, alongside additional injector conversions in the Lower U at the Iguana and Perico fields in second quarter and third quarter 2026, respectively. Colombia: Cohembi: At Cohembi North, infrastructure activities continue to progress in support of the Company's forward drilling and development program, including cellar construction and associated electrical and mechanical tie-ins. Work is also underway on Cohembi Pad 6, with additional cellars being constructed to provide flexibility for upcoming development and exploration activity. During the fourth quarter of 2025, gross production at Cohembi increased to approximately 9,100 bopd, driven by the successful delivery of the Raju-1 well and a strong response from the ongoing waterflood program in the northern portion of the field. As a follow-up, the Company plans to drill four gross development wells in Cohembi during the First Half of 2026. The Company expects its capital carry commitments to be completed by mid-2026, after which working interest and cost sharing will revert to standard terms, improving Gran Tierra's cash netbacks and capital efficiency on future activity. Canada: Simonette: At Simonette, Gran Tierra continues to see strong operating performance, with recently drilled Lower Montney wells meeting or exceeding type curve expectations reinforcing confidence in the asset's development potential and supporting stable production and cash flow generation going forward. To date, three surface holes have been drilled from the 6-9 pad and are currently drilling the 16-14-061-01W6 well in the lateral section. The plan is to bring 5 gross wells onstream in Second Half of 2026. Clearwater: Gran Tierra is preparing to follow up Dawson 102/12-11 through advanced core analysis. Completion of the core study in 2026 will inform well design, mud system selection, and geological modeling to maximize development value.
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Gran Tierra Energy Reports Over 100% Reserve Replacement for 2025
- Reserve Replacement Achievement: Gran Tierra achieved over 100% reserve replacement in South America for 2025, with PDP and 2P reserves at 258 MMBOE, demonstrating the strength and optionality of its asset base, enhancing future growth potential.
- Significant Net Present Value: As of 2025, the net present values for 1P, 2P, and 3P reserves are $1.5 billion, $2.5 billion, and $3.3 billion respectively, indicating a robust economic foundation for the company's oil and gas resource development, supporting debt reduction and strengthening the balance sheet.
- Resource Diversification: Gran Tierra's South American portfolio includes 118 MMBBL of unrisked prospective resources and 74 MMBOE of unrisked best estimate resources, showcasing the long-term potential and strategic flexibility for future development.
- Canadian Development Reclassification: The reclassification of certain reserves in Canada resulted in a reduction of 19 MMBOE in 1P and 32 MMBOE in 2P, yet this did not significantly impact the company's net asset value, preserving capital allocation flexibility for future high-return opportunities.

Gran Tierra Energy Hits 52-Week High After Record Production
- Record Production: Gran Tierra Energy reported an average production of 48,235 boe/day for December 2025, marking the highest monthly production in the company's history, indicating strong growth potential in oil and gas production.
- Ecuador Production Breakthrough: In Ecuador, Gran Tierra achieved a daily oil production rate of 10,000 bbl/day in Q4, with current production at approximately 8,800 bbl/day, demonstrating enhanced production capacity in the region and fulfilling all exploration commitments.
- Significant Initial Production Rates: Discoveries at Conejo in the Hollín and Basal Tena sands delivered combined initial production rates of 3,238 bbl/day, further solidifying the company's market position in Ecuador and driving future growth.
- Inventory Impact on Performance: Despite an average production of 46,500 boe/day in Q4, the performance was affected by an inventory build of approximately 291,000 barrels of oil in Ecuador, which was sold in early January for about $15 million, reflecting market volatility risks.









