Frontera Secures $120 Million Chevron Prepayment to Bolster Liquidity

Frontera Energy Corporation has entered into a $120 million prepayment and commercial agreement with Chevron Products Company through its Colombian subsidiary, replacing an existing deal set to expire in early 2026. Under the agreement, Frontera will receive an initial $80 million advance and commit a portion of its Colombian crude production to Chevron for a two-year period. The company also retains the option to draw an additional $40 million advance for up to six months on a fully committed basis. Th ...