Back/Arrow Exploration Corp. Boosts Production and Strategic Growth in Colombia's Llanos Basin
energy·April 13, 2025·axl.v

Arrow Exploration Corp. Boosts Production and Strategic Growth in Colombia's Llanos Basin

ED
Editorial
Cashu Finance·2 min read
TL;DR
  • Arrow Exploration Corp. reports over 4,500 boe/d production, enhancing its strategic presence in Colombia's Llanos Basin.
  • Successful drilling of horizontal wells, including CN HZ10 at 1,183 BOPD, diversifies production and boosts output potential.
  • With US$25.1 million cash and no debt, Arrow maintains a strong financial position amid volatile oil market conditions.

Arrow Exploration Corp. Enhances Production and Strategic Position in Colombia's Llanos Basin

Arrow Exploration Corp., headquartered in Calgary, Alberta, has recently provided an operational update that highlights significant advancements in its production capacity and project development in Colombia's Llanos Basin. The company holds a 50% interest in the Tapir Block and reports a total corporate production exceeding 4,500 barrels of oil equivalent per day (boe/d) as of April 10, 2025. This marks a notable achievement for Arrow as it continues to bolster its presence in the region, which is known for its rich hydrocarbon resources.

In the Carrizales Norte field, Arrow has successfully drilled multiple horizontal wells, with the CN HZ9 well currently producing a stabilized rate of 244 barrels of oil per day (BOPD) gross. Although this well experiences a high water cut due to water coning, the performance indicates a solid foundation in the production phase. More promising results emerge from the CN HZ10 well, which boasts a production rate of 1,183 BOPD gross and is showing a declining water cut. The company is actively drilling the CN HZ11 well, targeting the C7 formation, further diversifying its production capabilities and potentially increasing output as drilling progresses.

Financially, Arrow Exploration demonstrates a robust position with a cash balance of US$25.1 million and no debt, allowing it to navigate the volatile oil market with confidence. The operating netbacks at a Brent oil price of US$65 per barrel stand at US$39 per barrel, showcasing the profitability of its assets in the Llanos Basin. Additionally, the completion of the East Tapir 3D seismic acquisition program ahead of schedule enhances Arrow's strategic development and operational planning, positioning the company well for future growth and exploration in the area.

In parallel to its operational successes, Arrow Exploration is continuously assessing its drilling budget and schedule in response to prevailing market conditions. The company's strategic approach is evident, as it currently holds no contractual commitments for additional rigs or wells beyond the ongoing CN operations. This flexibility allows Arrow to adapt its strategy based on real-time market dynamics, ensuring its resources are allocated efficiently as it seeks to maximize production and profitability in the competitive oil sector.

Overall, Arrow Exploration Corp.'s recent operational update underscores its commitment to expanding production capabilities and optimizing its strategic initiatives in the Llanos Basin, positioning the company for sustained growth in the region’s oil landscape.