LNG Energy withdraws production, capital guidance issued March 4

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Dec 02 2024

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Production Restrictions: Lewis Energy Colombia is facing unexpected production restrictions in the Bullerengue natural gas field, leading to a temporary reduction of 5.0 MMbtu/d in gas deliveries under certain sales agreements for four months without significant price changes.
Regulatory Notification: The company plans to issue a notice of force majeure to its gas off-takers due to these delivery limitations and has informed its senior lenders about the situation while continuing to receive proceeds from natural gas sales.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.