Ecopetrol Closes $1.2B Deal For 51% Of Brava Energia, Adding 459M Boe Of Proved Reserves And 78.8 Kboed Production
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Why It Matters
Ecopetrol bought a big chunk of an oil company called Brava Energia for $1.2 billion, which gives them way more oil and gas in the ground to pump. When a company buys reserves and production like this, watch whether they can actually use these new resources well and make money from them.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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