$442.3M
USD
Market cap · 2026–07 · week 29
🇨🇦 Canada, Toronto
Country
Oil & Gas
Sector
Producer · Mid-Tier · Integrated · Oil-weighted · Oil · South America
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Overview:
Frontera Energy Corporation is a mid-tier oil and natural gas producer headquartered in Calgary, Canada, with operations primarily in South America. The company's portfolio consists of 17 exploration and production blocks in Colombia, comprising 12 producing blocks, 4 exploration blocks, and 1 exploration and production block, alongside a joint venture interest in the Corentyne block in Guyana. Key assets include the Quifa, Guatiquia, and CPE-6 blocks. The business model integrates upstream onshore production with a strategic Colombian infrastructure business, which includes a 35% equity interest in the ODL pipeline and a 99.97% equity interest in the Puerto Bahia multipurpose port facility. The company's production mix is heavily oil-weighted, consisting of approximately 83.45% oil and 16.55% natural gas. A key competitive aspect is its diversified asset base and integrated midstream infrastructure, which optimizes transportation and storage costs. The business is subject to commodity price cycles, regulatory changes, and geopolitical risks in its operating jurisdictions.
Strategy:
Strategic focus centers on blending cash flow from current operations with transformational growth driven by its standalone Colombian infrastructure business and upstream portfolio. The enterprise intends to separate its Colombian infrastructure business through a spin-off process or the recently announced Parex Arrangement to unlock significant value. A core objective is the continual addition to its mineral base through exploration and development, while managing a portfolio of assets at different stages. Capital allocation is prioritized to advance high-return growth opportunities, including the development of an LNG regasification project and an LPG refrigerated storage facility at Puerto Bahia. The organization's approach involves optimizing transportation and trading to maximize the price and minimize costs associated with selling oil and gas.
Management:
Executive leadership is headed by CEO Orlando Cabrales Segovia, who previously served as Vice Minister of Energy of the Ministry of Mines and Energy in Colombia and President of the ANH. The Board is led by Chair Gabriel de Alba, a Managing Director and Partner of The Catalyst Capital Group Inc. The 6-member Board of Directors, of which 5 are independent, oversees corporate strategy through 3 standing committees: Audit, Compensation and Human Resources, and Corporate Governance, Nominating and Sustainability. The 3 members of the Audit Committee are independent and financially literate.
Sustainability:
The organization's sustainability framework is guided by policies covering environmental protection, health and safety, and community relations. A key environmental initiative involves protecting 7,203 hectares as strategic conservation areas through connectivity corridors and reforestation. The company operates a reverse osmosis water treatment facility (SAARA) to treat and dispose of water from the Quifa block. Social programs focus on education, economic development, and ethnic and cultural development, with $3.47 million invested in projects benefiting over 53,000 people in 2025. The enterprise reports in accordance with the Fighting Against Forced Labour and Child Labour in Supply Chains Act and aligns its sustainability goals using a double-materiality methodology based on European EFRAG and CSRD standards.
Structure:
A significant structural change is pending via the Parex Arrangement Agreement signed in March 2026, under which Parex Resources will acquire Frontera's Colombian upstream business for $500 million in cash plus a $25 million contingent payment. Corporate development has been shaped by several strategic transactions, including the divestment of its 50% working interests in the Perico and Espejo blocks in Ecuador to Gran Tierra Energy Inc. for $7.8 million in December 2025. A joint venture with CGX Energy Inc. (in which Frontera holds a 76.05% equity interest) governs the Corentyne block in Guyana, though the license is currently under dispute with the Guyanese government. The corporate structure includes material operational subsidiaries such as Puerto Bahia, FPI, and Agro Cascada S.A.S. The Catalyst Capital Group Inc. acts as a strategic investor, holding approximately 40.74% of the issued and outstanding common shares.
Hedge:
The company periodically enters into hedging transactions covering a portion of its expected future production to offset the risk of revenue losses if commodity prices decline. Its foreign-exchange policy includes hedging mechanisms, such as a foreign-exchange forward entered into in October 2023 to hedge an $18.0 million Bancolombia loan at a forward rate of COP 4,386.17. The company retains material exposure to oil prices, with its outstanding commodity hedge position managed opportunistically over time.
Source:
Frontera Energy Corporation - Annual Information Form - 2025
Operating · 3 projects
CPE-6
Asset · Operating
Colombia, Llanos Basin
Oil Gas
Type
Operating
Status
🇨🇴 Colombia, Llanos Basin
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Conventional Oil Gas
Extraction:
Conventional Oil Gas
Description
As at 31 December 2025
Heavy crude oil development comprising the Hamaca field. Located in the Llanos Basin, Colombia. Property covers 100,908 net acres. Production is transported by truck and barge to the Puerto Bahia terminal. Water handling capacity increased to 360,000 bwpd in November 2024.
Oil & Gas metrics
As at 31 December 2025
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Guatiquia Block
Asset · Operating
Colombia, Llanos Basin
Oil Gas
Type
Operating
Status
🇨🇴 Colombia, Llanos Basin
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Conventional Oil Gas
Extraction:
Conventional Oil Gas
Description
As at 31 December 2025
Medium crude oil development comprising the unified Ceibo and Yatay/Coralillo fields. Located in the Llanos Basin, Colombia. Property covers 11,065 net acres. Production is primarily transported to facilities at the Corcel block through pipelines and then to off-loading stations.
Oil & Gas metrics
As at 31 December 2025
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Quifa Block
Asset · Operating · Ownership 60%
Colombia, Llanos Basin
Oil Gas
Type
Operating
Status
🇨🇴 Colombia, Llanos Basin
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
60
Ownership %:
60
Operator:
Yes
Operator:
Yes
Extraction:
Conventional Oil Gas
Extraction:
Conventional Oil Gas
Description
As at 31 December 2025
Heavy crude oil development comprising the Quifa SW, Cajua, and Jaspe fields. Located in the Llanos Basin, Colombia. Property covers 148,718 net acres under an association contract with Ecopetrol. Production is sent by flow lines to water management facilities and subsequently to the ODL Pipeline. Held in a 60/40 JV with Ecopetrol.
Oil & Gas metrics
As at 31 December 2025
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Exploration · 1 project
Corentyne Block
Asset · Exploration · Ownership 93.42%
Guyana, Guyana-Suriname basin, Guyana-Suriname Basin
Oil Gas
Type
Exploration
Status
🇬🇾 Guyana, Guyana-Suriname basin (Guyana-Suriname Basin)
Country
Project information
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
93.42
Ownership %:
93.42
Operator:
No
Operator:
No
Operator name:
CGX Energy Inc.
Operator name:
CGX Energy Inc.
Extraction:
Offshore
Extraction:
Offshore
Description
Offshore exploration block in the Guyana-Suriname basin. The Joint Venture discovered total net pay of 342 feet to date, including the Wei-1 discovery. The license is currently under dispute with the Government of Guyana, which claims the PPL expired on June 28, 2024. Held in a JV with CGX Resources.
Oil & Gas metrics
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Processing facilities · 2 projects
ODL Pipeline
Asset · Pipeline Crude · Operating · Ownership 35%
Colombia, Llanos
Project information
As at 31 December 2025
Type:
Processing Facility
Type:
Processing Facility
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
35
Ownership %:
35
Operator:
No
Operator:
No
Operator name:
Oleoducto de los Llanos Orientales S.A.
Operator name:
Oleoducto de los Llanos Orientales S.A.
Extraction:
Processing Facility
Extraction:
Processing Facility
Country:
Colombia
Country:
Colombia
Region:
Llanos
Region:
Llanos
Facility kind:
Pipeline Crude
Facility kind:
Pipeline Crude
Licensed capacity:
239000
Licensed capacity:
239000
Capacity unit:
bbl
Capacity unit:
bbl
Capacity period:
Per Day
Capacity period:
Per Day
Capacity kind:
Effective
Capacity kind:
Effective
Description
As at 31 December 2025
A 279-kilometer onshore pipeline connecting the Llanos region to domestic and export markets. Co-owned by FPI (35%) and CENIT (65%). Transported approximately 239,000 barrels of oil per day in 2025.
Processing facilities
As at 31 December 2025
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Puerto Bahia
Asset · Storage Liquids · Operating · Ownership 99.97%
Colombia, Cartagena
Project information
As at 31 December 2025
Type:
Processing Facility
Type:
Processing Facility
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
99.97
Ownership %:
99.97
Operator:
Yes
Operator:
Yes
Extraction:
Processing Facility
Extraction:
Processing Facility
Country:
Colombia
Country:
Colombia
Region:
Cartagena
Region:
Cartagena
Facility kind:
Storage Liquids
Facility kind:
Storage Liquids
Licensed capacity:
2.4
Licensed capacity:
2.4
Capacity unit:
mmbbl
Capacity unit:
mmbbl
Capacity period:
Other
Capacity period:
Other
Capacity kind:
Nameplate
Capacity kind:
Nameplate
Description
As at 31 December 2025
Multipurpose port facility in the Bay of Cartagena featuring a liquid bulk terminal for crude oil and clean products, and a general cargo terminal. Liquid terminal has 2.4 MMbbl of storage capacity across eight tanks. Connected to the Cartagena Refinery via a 6.8-km bi-directional flow line. Developing an LNG regasification project and an LPG refrigerated storage facility.
Processing facilities
As at 31 December 2025
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Oil & Gas sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Oil & gas
- 1P/2P/3P — cumulative uncertainty. 1P = Proved (≥90%); 2P = Proved+Probable (≥50%, primary non-SEC metric); 3P adds Possible (≥10%). SEC filers often publish 1P only.
- Contingent (1C/2C/3C) = discovered, sub-commercial. Prospective (1U/2U/3U) = undiscovered. Neither feeds economic models without further work.
- Developed vs Undeveloped: PDP (producing), PDNP (developed non-producing), PUD (undeveloped). Reserves walk PUD→PDP is reclassification, not new discovery.
- BOE uses 6 Mcf gas : 1 bbl oil (thermal, not economic). Some issuers use 5.8:1 — read footnotes.
- Pricing case: Forecast vs Constant (NI 51-101/PRMS) or SEC 12-month average. Do not add cases together.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Oil & Gas — one row per O&G project (typically a field, licence, play or basin asset), with columns for location, status, primary hydrocarbons, production (with rating), reserves & resources (with rating), costs and estimated lifetime.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- Reserves walk — gross (disclosed) — year-by-year reconciliation of the opening balance to the closing balance, broken into Extensions & discoveries, Revisions, Improved recovery, Purchases, Divestitures, Production and Conversion to developed.
- Reserves walk — net change by year — per-year summary of net additions and net deductions across the portfolio.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Oil equivalent (BOE)
Oil equivalent (BOE)
-
See commodity documentation in the domain package.
Oil
Generic crude (undifferentiated)
WTI
Use West Texas Intermediate directly as a coarse benchmark when the filing does not split product quality.
Natural gas
Pipeline natural gas
Henry Hub
Henry Hub is the reference US benchmark for US pipeline gas; use it directly when the disclosure is Hub-indexed.
NGL
NGL barrel (mixed NGLs)
Mont Belvieu NGL basket vs WTI
NGL barrels often track a fraction of crude; order-of-magnitude context is commonly cited around two-fifths to three-fifths of WTI.
Shale gas
Gas from shale / tight reservoirs
Henry Hub plus regional basis
Regional hubs price as Henry Hub plus or minus basis; shale supply broke tight coupling to oil, so do not back-solve shale gas from WTI.
Light oil
Light sweet crude
WTI / Brent
WTI and Brent are often treated as roughly 1:1 for light sweet barrels when a single anchor is enough.
Heavy oil
Heavy sour crude
WCS vs WTI
Western Canadian Select–style heavy blends often trade on the order of $10–20/bbl below WTI when differentials are in a normal range.
Bitumen
Oil-sands bitumen blend
WCS vs WTI
Same broad idea as heavy oil: bitumen blends anchor to wide differentials versus light sweet benchmarks such as WTI.
Synthetic crude
Upgraded oil-sands synthetic crude (SCO)
SCO vs WTI
Synthetic crude typically tracks WTI within a few dollars — sometimes near par, sometimes a small premium or discount.
Condensate
Field condensate / diluent
US condensate vs WTI
Field condensate can trade below WTI; some multi-year averages have been in the high single-digit dollars per barrel under WTI.
Coal bed methane
Coalbed methane (CBM)
Regional hub vs Henry Hub
CBM is usually quoted off a regional benchmark versus Henry Hub; it is a distinct product stream from tight shale gas in many filings.
Hydrocarbon commodity — notes
- The Commodity column shows normalized labels; values are stored as snake_case CommodityCode strings in pkg/domain and project resource rows (for example shale_gas, oil_equivalent).
- Benchmarks and typical relationship cells are informal market context for reading disclosures — they are not MetalPilot price inputs.
Crude grade primer
- API gravity — lower = heavier. Light crude is ≥ 31.1° API (≤ 870 kg/m³); heavy is 22.3–31.1° API; extra-heavy is < 22.3°. Bitumen is ≤ 10° API.
- Sulphur — sweet vs sour. Sweet crude has ≤ 0.5% sulphur; sour > 0.5%. Refineries price the discount on sour crude into the differential.
- WTI vs Brent vs WCS. WTI (West Texas Intermediate, Cushing OK) is the U.S. light-sweet benchmark; Brent (North Sea) is the global light-sweet benchmark; WCS (Western Canadian Select) is the heavy/sour benchmark for Canadian production.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Oil
1 / 5
0–0.5 MMbbl/yr
0–5 MMbbl
2 / 5
0.5–5 MMbbl/yr
5–25 MMbbl
3 / 5
5–20 MMbbl/yr
25–100 MMbbl
4 / 5
20–75 MMbbl/yr
100–500 MMbbl
5 / 5
≥ 75 MMbbl/yr
≥ 500 MMbbl
Copper uses kt Cu bands (Mlb Cu when lb-scale copper resources appear on featured projects). Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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