Parex Resources Inc.
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Imad Mohsen
- Full Time Employees
- 461
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- West Tower Calgary AB Canada T2P 1G1
- IPO Date
- Nov 12, 2009
- Website
- parexresources.com
- Similar Companies
- Business
- Parex Resources Inc. (TSX: PXT) is a Canada-based independent oil and gas company focused on the exploration, development, production, and marketing of crude oil and natural gas primarily in Colombia. The company holds principal land positions and exploration blocks in the prolific Llanos Basin, Magdalena Basin, and Putumayo Basin, where it applies industry-proven technologies new to Colombia to develop conventional onshore assets; its core operations encompass sustainable production of light and medium crude oil, implementation of secondary recovery programs, and drilling of development and exploration wells targeting best-in-class shareholder returns. Parex serves domestic and international markets through its Colombia segment, which generates the majority of revenue, supplemented by limited Canadian activities, while prioritizing local procurement, community partnerships, and adherence to high governance, environmental, and social standards. Founded in 2009 and headquartered in Calgary, Alberta, with key operations offices in Bogota, Colombia, Parex employs approximately 450 personnel and maintains a strong presence in Colombia's onshore basins to support economic development. In recent strategic developments, Parex announced an enhanced partnership with Ecopetrol in December 2024, acquiring 50% working interest in four Putumayo Basin blocks and the Farallones Block in the Llanos Foothills; this includes funding Phase I development with approximately $175 million in carry capital for secondary recovery and wells, plus $30 million commitment for the Farallones exploration well, adding proven reserves of 10 million barrels (1P) and 18 million barrels (2P). Further, in October 2025, Parex proposed acquiring GeoPark Limited and acquired an 11.8% stake in the company to advance the transaction, signaling aggressive portfolio expansion. These moves consolidate Parex's position in high-potential trends, with initial Putumayo access expected in Q2 2025 and FY 2025 capital allocations of $20-50 million for the new assets.
Company News
Parex Resources: License To Print Money Is Now Fully Active
Parex Resources Targets 90,000 Bpd as Frontera Deal, Ecopetrol Projects Fuel Growth
Parex Resources: Big Jump In Production Ahead
Parex Resources Q2 Earnings Call Highlights
Parex Resources: The Volatility Is Worth The Potential Outcome
Parex Resources: The Bargain Train Is Leaving The Station
Parex Resources: A Strong Buy Before Its Production Explosion
Parex Resources Q1 Earnings Call Highlights
Parex Resources Inc. (PXT:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Parex Resources Inc. (PXT:CA) Q1 2026 Earnings Call Transcript
Parex Resources Positioned to Become Colombia's Largest Independent Oil & Gas Producer, Provides Step-Change Guidance, Reports Q1 2026 Results, and Declares Q2 2026 Dividend
Parex Resources Announces Private Offering of US$500 Million Senior Notes
Parex Resources Announces Expansion of Ecopetrol Strategic Partnership with the Addition of Producing Assets in the Magdalena Basin
Parex Resources Provides Update on the Acquisition of Frontera E&P
Parex Resources: Transformative Acquisition Likely About To Close
Parex Resources Announces Preliminary First Quarter Results
FRONTERA ANNOUNCES DEFINITIVE AGREEMENT WITH PAREX TO DIVEST ITS COLOMBIAN E&P ASSETS PORTFOLIO FOR A FIRM VALUE OF APPROXIMATELY $750 MILLION, INCLUDING $525 MILLION EQUITY CONSIDERATION
FRONTERA DETERMINES BINDING OFFER FROM PAREX RESOURCES INC. IS A SUPERIOR PROPOSAL TO PREVIOUSLY ANNOUNCED GEOPARK TRANSACTION
Parex Resources Inc. (PXT:CA) Q4 2025 Earnings Call Transcript
FRONTERA PROVIDES UPDATE ON PROPOSAL FROM PAREX RESOURCES INC.; CONTINUES TO RECOMMEND TRANSACTION WITH GEOPARK