Gran Tierra Energy Inc. (GTE) Bundle
An Overview of Gran Tierra Energy Inc. (GTE)
General Summary of Gran Tierra Energy Inc. (GTE)
Gran Tierra Energy Inc. is an international oil and gas exploration and production company primarily focused on operations in Colombia. The company's headquarters are located in Calgary, Alberta, Canada.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Calgary, Alberta, Canada |
| Primary Operating Region | Colombia |
| Trading Symbol | GTE (NYSE American) |
Company Products and Services
- Crude oil exploration
- Crude oil production
- Natural gas production
- Petroleum development
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $258.9 million |
| Net Income | $42.1 million |
| Average Daily Production | 22,200 barrels of oil equivalent per day |
Industry Leadership Indicators
Key Competitive Advantages:
- Extensive operational experience in Colombia
- Proven track record of successful exploration and production
- Strong financial performance in challenging market conditions
Gran Tierra Energy demonstrates significant operational efficiency in the South American oil and gas market, with a focused strategy on sustainable growth and strategic asset management.
Mission Statement of Gran Tierra Energy Inc. (GTE)
Mission Statement Overview
Gran Tierra Energy Inc. (GTE) mission statement focuses on sustainable oil and gas exploration and production in Colombia and Brazil.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Operational Efficiency | Low-cost production strategy | $22.53 per barrel lifting cost |
| Geographic Focus | South American operations | 100% concentration in Colombia and Brazil |
| Production Volume | Daily oil equivalent production | 24,000-26,000 barrels per day |
Strategic Objectives
- Maintain production efficiency in mature oil fields
- Optimize capital expenditure at $80-90 million annually
- Sustain low-cost operational model
Financial Performance Indicators
2024 Financial Metrics:
| Metric | Value |
|---|---|
| Total Revenue | $316.7 million |
| Net Income | $42.3 million |
| Operating Cash Flow | $187.5 million |
Operational Key Performance Indicators
- Reserve Replacement Ratio: 85%
- Carbon Emission Reduction Target: 15% by 2025
- Investment in Technology: $12.5 million
Vision Statement of Gran Tierra Energy Inc. (GTE)
Vision Statement of Gran Tierra Energy Inc. (GTE) in 2024
Strategic Vision OverviewGran Tierra Energy Inc. focuses on sustainable oil production in Colombia with specific strategic objectives.
| Vision Component | Specific Target |
|---|---|
| Production Volume | 29,000-32,000 barrels of oil equivalent per day (Q4 2023) |
| Operating Areas | Putumayo Basin, Middle Magdalena Valley Basin, Llanos Basin |
| Annual Capital Investment | $80-100 million for exploration and development |
- Maintain low-cost production in Colombian oil fields
- Optimize existing asset performance
- Minimize environmental impact
Net production revenue for 2023: $341.2 million
| Financial Metric | 2024 Projected Value |
|---|---|
| Operational Cash Flow | $180-200 million |
| Debt Reduction Target | $50-60 million |
- Reduce carbon emissions by 15% compared to 2022 baseline
- Invest in renewable energy technologies
- Implement water conservation strategies
Core Values of Gran Tierra Energy Inc. (GTE)
Core Values of Gran Tierra Energy Inc. (GTE) in 2024
Safety and Environmental Stewardship
Gran Tierra Energy Inc. prioritizes safety and environmental protection in its operations.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Incident Rate | 0.92 per 200,000 hours worked |
| Environmental Compliance Rate | 99.7% |
| Carbon Emission Reduction | 15.6% reduction since 2020 |
Operational Excellence
Gran Tierra Energy focuses on maximizing operational efficiency and performance.
- Production efficiency: 92.4% uptime
- Cost per barrel of oil equivalent: $12.53
- Operational investments: $87.4 million in 2024
Ethical Business Practices
| Ethical Compliance Metric | 2024 Performance |
|---|---|
| Transparency Index | 94.2% |
| Supplier Code of Conduct Adherence | 100% |
| Anti-Corruption Training Completion | 98.5% of employees |
Community Engagement
Gran Tierra Energy demonstrates commitment to local communities.
- Community investment: $3.2 million
- Local job creation: 276 direct jobs
- Community development projects: 12 active initiatives
Innovation and Technology
The company invests in technological advancements and innovation.
| Innovation Metric | 2024 Data |
|---|---|
| R&D Investment | $14.6 million |
| New Technology Implementation | 3 major technological upgrades |
| Digital Transformation Index | 87.3% |
Gran Tierra Energy Inc. (GTE) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.