Frontera Energy Corporation is an independent oil and gas exploration and production company headquartered in Calgary, Canada, with its principal operations focused on South America. The company's core business model centers on the upstream segment, where it explores for, develops, and produces heavy and light crude oil, conventional natural gas, and natural gas liquids. Frontera's geographic footprint is concentrated in Colombia, Ecuador, and Guyana, holding interests in over 20 exploration and production blocks. In 2024, the company achieved an average production of approximately 40,288 barrels of oil equivalent per day (boe/d).
Beyond its upstream operations, Frontera operates a significant midstream infrastructure business in Colombia. This segment includes a 35% equity interest in the Oleoducto de los Llanos Orientales S.A. (ODL) crude oil pipeline and a 99.97% interest in the Sociedad Portuaria Puerto Bahia, a major liquids terminal and port facility. While the infrastructure segment provides a steady stream of dividends and Adjusted EBITDA (generating $107 million in 2024), the vast majority of the company's revenue—over $1.1 billion in 2024—is derived from the sale of produced and purchased oil and gas. In late 2025, Frontera announced a strategic plan to spin off its Colombian infrastructure business into a separate independent company, and in early 2026, shareholders approved a plan to sell its Colombian upstream business to Parex Resources.
