Alvopetro Energy announces November sales, updated long-term gas agreement, and Q4 dividend [Video]

Alvopetro Energy CEO Corey Ruttan joined Steve Darling from Proactive to announce the company’s November 2024 sales results, an update to its long-term natural gas sales agreement, and the declaration of a quarterly dividend for Q4 2024. Ruttan highlighted that 2024 was a pivotal year for Alvopetro, as the company increased its productive capacity at the Caburé field and achieved notable success at the Murucututu project.

These developments have positioned Alvopetro to commit to higher base firm sales volumes starting in 2025, further reinforcing its disciplined capital allocation model and long-term growth strategy. In November 2024, the company reported average sales volumes of 1,465 barrels of oil equivalent per day (boepd), including 8.1 million cubic feet per day (MMcfpd) of natural gas sales, 110 barrels of oil per day (bopd) of natural gas liquids (condensate), and 9 bopd of oil sales, based on field estimates.

The November sales figures were …