CSIMarket
 
Gran Tierra Energy Inc   (GTE)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

Gran Tierra Energy Inc 's Customers Performance

GTE

 
GTE's Source of Revenues Customers of Gran Tierra Energy Inc saw their costs of revenue drop by -62.67 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -40.48 %, for the same period Gran Tierra Energy Inc revnue deteriorated by -78.65 % year on year, sequentially revnue fell by -60.86 %.

List of GTE Customers




Customers of Gran Tierra Energy Inc saw their costs of revenue drop by -62.67 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -40.48 %, for the same period Gran Tierra Energy Inc revnue deteriorated by -78.65 % year on year, sequentially revnue fell by -60.86 %.

List of GTE Customers


   
Customers recorded net loss in Q2 Customers recorded net loss



Gran Tierra Energy Inc 's Customers, Q2 2020 Revenue Growth By Industry
Customers in Oil And Gas Production Industry -50.61 %   
Customers in Oil & Gas Integrated Operations Industry -56.25 %   
Customers in Oil Refineries Industry -73.47 %   
Customers in Property & Casualty Insurance Industry -36.24 %   
Customers in Investment Services Industry      19.71 %
Customers in Electric Utilities Industry      14.21 %
Customers in Natural Gas Utilities Industry -26.54 %   
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Gran Tierra Energy Inc 's Comment on Sales, Marketing and Customers




Our oil in Colombia is mainly located in the Middle Magdalena Valley (“MMV”) and Putumayo Basin. In MMV, our focus is on the Acordionero field, where production is approximately 18° API and represented 8% of our production in 2016. The Putumayo production (as defined below) is approximately 29° API and represented 80% of our production in 2016.

We have entered into numerous agreements to sell oil produced in the Chaza and Guayuyaco Blocks (the “Putumayo production”). These agreements are subject to renegotiation annually and generally contain mutual termination provisions with 30 days' notice. The volume of crude oil does not include the volume of oil corresponding to royalties taken in kind, but does include volumes relating to HPR royalties.

We may, but are not obligated to, sell up to 100% of our Putumayo production to Ecopetrol. The Ecopetrol agreement will expire March 31, 2017. We deliver our oil to Ecopetrol through our transportation facilities which include pipelines, gathering systems and through the transportation and logistics assets of CENIT Transporte y Logistica de Hidrocarburos S.A.S ("CENIT"), a wholly-owned subsidiary of Ecopetrol. The point of sale of our Putumayo production to Ecopetrol is the Port of Tumaco on the Pacific coast of Colombia.

We have entered into ship and pay transportation agreements (the “Transportation Agreements”) with CENIT. These agreements will expire November 30, 2017. Pursuant to the Transportation Agreements we pay a transportation tariff and transportation tax for the transportation of the Putumayo production from the Putumayo Basin to the Port of Tumaco. Pursuant to the Transportation Agreements, each of Gran Tierra Energy Colombia Ltd. and Petrolifera Petroleum (Colombia) Limited have the right to transport up to 10,000 bopd, subject to availability of capacity, of crude oil production from the Chaza and Guayuyaco Blocks in Colombia: (1) from Santana Station to CENIT’s facility at Orito through CENIT’s Mansoya – Orito Pipeline, and (2) from CENIT’s facility at Orito to the Port of Tumaco through CENIT’s Orito – Tumaco Pipeline. We can request that CENIT transport additional crude oil in excess of 20,000 bopd through the pipelines on the same terms, which CENIT may do at its sole discretion. Generally, under these agreements, CENIT is liable (subject to specified limitations) for pollution clean up costs resulting from incidents during transportation. The cost of oil lost during transportation is shared by the parties that ship oil on the pipeline, in proportion to their share of total volumes shipped.

Currently we have Firm Capacity Transportation Agreements for 6,000 bopd, of which 3,000 bopd are under ship or pay agreements and 3,000 bopd are under ship and pay agreements. These agreements will expire October 31, 2020. The remainder of our Putumayo production is transported through the Transportation Agreements.

Putumayo production is also sold to multiple other parties, in addition to Ecopetrol. Other sales in Putumayo are generally delivered at the wellhead. Oil can be delivered and sold at the Costayaco battery and loaded into trucks or sold via pipeline. When oil is oil is loaded into trucks there are multiple evacuation routes. When oil is delivered to facilities at Babillas Station, the sales point is the Port of Coveñas upon oil export, or delivered via pipeline to the Port of Esmeraldas, Ecuador and the sales point is when oil is loaded into an export tanker.

Varying amounts of oil are trucked: (1) from Santana Station to Ecopetrol’s storage terminal at Orito, a distance of approximately 47 kilometers; (2) from the Costayaco Field to Ecopetrol’s storage terminal at Babillas, approximately 363 kilometers north of the Chaza Block; (3) from the Costayaco Field to Hocol´s unloading facilities at Neiva (Babillas Station), approximately 361 kilometers north of the Chaza Block; (4) from the Costayaco Field to the Atlántico Oil Terminal in Barranquilla, a distance of approximately 1,534 kilometers; (5) from the Garibay Jilguero Field to facilities at Cusiana Station, a distance of approximately 75 kilometers; and; (6) from the Llanos 22 Ramiriqui Field to facilities at Cusiana Station, a distance of approximately 35 kilometers.

In MMV, the Acordionero field has a firm volumetric contract which will end by approximately the first quarter of 2018. Presently, we truck these volume 530 kilometers to the buyer at Puerto Bahia, Cartagena Bay. We are evaluating pipeline tie at the Acordionero field which will give access to the Port of Coveñas for future sales at the export terminal.

 


Gran Tierra Energy Inc 's Comment on Sales, Marketing and Customers



Our oil in Colombia is mainly located in the Middle Magdalena Valley (“MMV”) and Putumayo Basin. In MMV, our focus is on the Acordionero field, where production is approximately 18° API and represented 8% of our production in 2016. The Putumayo production (as defined below) is approximately 29° API and represented 80% of our production in 2016.

We have entered into numerous agreements to sell oil produced in the Chaza and Guayuyaco Blocks (the “Putumayo production”). These agreements are subject to renegotiation annually and generally contain mutual termination provisions with 30 days' notice. The volume of crude oil does not include the volume of oil corresponding to royalties taken in kind, but does include volumes relating to HPR royalties.

We may, but are not obligated to, sell up to 100% of our Putumayo production to Ecopetrol. The Ecopetrol agreement will expire March 31, 2017. We deliver our oil to Ecopetrol through our transportation facilities which include pipelines, gathering systems and through the transportation and logistics assets of CENIT Transporte y Logistica de Hidrocarburos S.A.S ("CENIT"), a wholly-owned subsidiary of Ecopetrol. The point of sale of our Putumayo production to Ecopetrol is the Port of Tumaco on the Pacific coast of Colombia.

We have entered into ship and pay transportation agreements (the “Transportation Agreements”) with CENIT. These agreements will expire November 30, 2017. Pursuant to the Transportation Agreements we pay a transportation tariff and transportation tax for the transportation of the Putumayo production from the Putumayo Basin to the Port of Tumaco. Pursuant to the Transportation Agreements, each of Gran Tierra Energy Colombia Ltd. and Petrolifera Petroleum (Colombia) Limited have the right to transport up to 10,000 bopd, subject to availability of capacity, of crude oil production from the Chaza and Guayuyaco Blocks in Colombia: (1) from Santana Station to CENIT’s facility at Orito through CENIT’s Mansoya – Orito Pipeline, and (2) from CENIT’s facility at Orito to the Port of Tumaco through CENIT’s Orito – Tumaco Pipeline. We can request that CENIT transport additional crude oil in excess of 20,000 bopd through the pipelines on the same terms, which CENIT may do at its sole discretion. Generally, under these agreements, CENIT is liable (subject to specified limitations) for pollution clean up costs resulting from incidents during transportation. The cost of oil lost during transportation is shared by the parties that ship oil on the pipeline, in proportion to their share of total volumes shipped.

Currently we have Firm Capacity Transportation Agreements for 6,000 bopd, of which 3,000 bopd are under ship or pay agreements and 3,000 bopd are under ship and pay agreements. These agreements will expire October 31, 2020. The remainder of our Putumayo production is transported through the Transportation Agreements.

Putumayo production is also sold to multiple other parties, in addition to Ecopetrol. Other sales in Putumayo are generally delivered at the wellhead. Oil can be delivered and sold at the Costayaco battery and loaded into trucks or sold via pipeline. When oil is oil is loaded into trucks there are multiple evacuation routes. When oil is delivered to facilities at Babillas Station, the sales point is the Port of Coveñas upon oil export, or delivered via pipeline to the Port of Esmeraldas, Ecuador and the sales point is when oil is loaded into an export tanker.

Varying amounts of oil are trucked: (1) from Santana Station to Ecopetrol’s storage terminal at Orito, a distance of approximately 47 kilometers; (2) from the Costayaco Field to Ecopetrol’s storage terminal at Babillas, approximately 363 kilometers north of the Chaza Block; (3) from the Costayaco Field to Hocol´s unloading facilities at Neiva (Babillas Station), approximately 361 kilometers north of the Chaza Block; (4) from the Costayaco Field to the Atlántico Oil Terminal in Barranquilla, a distance of approximately 1,534 kilometers; (5) from the Garibay Jilguero Field to facilities at Cusiana Station, a distance of approximately 75 kilometers; and; (6) from the Llanos 22 Ramiriqui Field to facilities at Cusiana Station, a distance of approximately 35 kilometers.

In MMV, the Acordionero field has a firm volumetric contract which will end by approximately the first quarter of 2018. Presently, we truck these volume 530 kilometers to the buyer at Puerto Bahia, Cartagena Bay. We are evaluating pipeline tie at the Acordionero field which will give access to the Port of Coveñas for future sales at the export terminal.

 








GTE's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Gran Tierra Energy Inc GTE 92 368 -624 387
Centerpoint Energy Inc CNP 10,036 9,714 -667 8,540
Conocophillips COP 36,208 30,629 5,689 19,100
Devon Energy Corp DVN 3,373 5,279 -3,014 6,600
Dte Energy Co DTE 21,807 11,872 1,204 10,000
Williams companies inc WMB 24,207 7,800 -79 6,742
Entergy Corporation ETR 19,241 10,443 1,247 13,393
Exxon Mobil Corporation XOM 142,560 224,564 7,038 75,300
Marathon Oil Corporation MRO 3,405 4,062 -651 3,359
Agl Resources Inc. GAS 0 7,905 331 5,165
Nisource Inc NI 8,303 6,120 -62 8,982
Occidental Petroleum Corp OXY 9,745 21,222 -11,932 11,700
PEOPLES ENERGY CORPORATION PGL 0 0 0 0
Sunoco Lp SUN 2,006 13,781 178 22,500
Valero Energy Corp VLO 18,144 87,627 1,550 10,007
Xcel Energy Inc XEL 35,346 25,272 1,401 11,589
Questar Gas Co STR 0 957 74 1,745
Eqt Corporation EQT 3,700 3,597 -1,968 1,750
Scana Corporation SCG 6,833 3,531 -115 5,989
Southwestern Energy Company SWN 1,380 2,383 -2,268 2,781
Andeavor TSO 15,308 38,637 1,833 5,600
Intercontinental Exchange Inc ICE 53,983 7,435 2,176 2,902
Loews Corp L 9,441 12,960 -1,640 17,510
Sea Limited SE 0 2,175 -1,458 5,900
NORTHEAST UTILITIES NU 0 0 0 8,248
Oneok Inc OKE 10,284 8,724 622 2,269
Qep Resources Inc QEP 228 977 154 765
Phillips 66 PSX 23,188 83,195 -891 14,000
Kinder Morgan Inc KMI 27,765 12,232 229 11,535
Eversource Energy ES 27,068 8,553 1,163 8,248
Pdc Energy Inc PDCE 1,093 1,442 -692 395
Adams Resources and Energy Inc AE 86 1,387 -5 645
Ngl Energy Partners Lp NGL 451 1,791 -442 2,700
World Point Terminals, Lp WPT 0 100 37 161
Delek Us Holdings Inc DK 0 7,975 336 1,326
Rice Energy Operating Llc RICE 6,408 1,441 21 467
Western Refining, Inc. WNR 0 0 168 7,134
SUBTOTAL 521,595 665,783 -431 315,047


       
Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

INIS's Profile

Stock Price

INIS's Financials

Business Description

Fundamentals

Charts & Quotes

INIS's News

Suppliers

INIS's Competitors

Customers & Markets

Economic Indicators

INIS's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Largest Companies

Management Effectivness

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.  Free Stock Market News Feeds
   Copyright © 2020 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

To view Intraday Stock Data Java must be installed. Java content may be prohibited by the security software, to see the stock quotes, choose "allow content from this page" option. Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071