- Business
- Gran Tierra Energy Inc. (NYSE American: GTE, TSX: GTE, LSE: GTE) is an independent international energy company focused on the acquisition, exploration, development and production of oil and natural gas properties in Colombia, Ecuador and Canada. The company produces light and medium crude oil, natural gas and natural gas liquids from assets spanning the Middle Magdalena Valley, Llanos, Putumayo basins in Colombia, the Oriente Basin in Ecuador and the Western Canadian Sedimentary Basin in Canada, where it operates 25 blocks covering over 1.5 million gross acres in Colombia and Ecuador and large contiguous areas totaling 1.2 million gross acres in Canada; it employs enhanced oil recovery techniques such as waterflooding across core Colombian fields including Acordionero, Costayaco, Moqueta and Cohembi, and utilizes gas-to-power initiatives to reduce emissions and flaring while generating electricity for operations and local grids. Gran Tierra holds 293 million barrels of oil equivalent in proved plus probable reserves as of December 31, 2024, supporting a reserve life index of approximately 17 years based on second-quarter 2025 production of 47,195 barrels of oil equivalent per day, with roughly 20% of output now from natural gas following Canadian expansions. Founded in 2005 and headquartered in Calgary, Alberta, Canada, the company maintains 100% operated positions in Colombia and Ecuador and 63% in Canada, targeting under-explored conventional hydrocarbon basins with established infrastructure. In recent developments, Gran Tierra closed a strategic joint venture and partnership with Logan Energy Corp. to accelerate value in high-impact Canadian assets, announced a normal course issuer bid repurchasing over 1.1 million shares in the past year at an average price of USD 5.61 per share, and in August 2025 entered agreements to acquire interests in Ecuador's Perico and Espejo blocks from GeoPark Ecuador S.A. and Frontera Energy Colombia Corp Sucursal Ecuador for US$15.55 million plus contingent consideration, expanding its Oriente Basin footprint with anticipated closing in the fourth quarter of 2025 pending regulatory approvals.