Parex Resources Inc.
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- Parex Resources Inc is a Canada-based independent oil and gas company primarily engaged in the exploration, development, production, and marketing of crude oil and natural gas in Colombia. The company operates mainly in the Llanos Basin, Magdalena Basin, and Putumayo Basin, focusing on conventional oil production. Its product portfolio includes crude oil extracted through conventional methods, with additional activities in enhanced oil recovery techniques such as polymer injection and waterflooding to optimize reservoir performance. Parex serves markets in Colombia and Canada, with operations centered on onshore oilfields. Founded in 2009 and headquartered in Calgary, Canada, the company targets producing high-quality energy resources while upholding environmental and social responsibilities. Recent major developments for Parex Resources include strategic agreements executed with Ecopetrol in December 2024, whereby Parex earned a 50% working interest in four blocks in the Putumayo Basin and one block in the Llanos Foothills, adding significant low-risk development and exploitation inventory. This partnership enhances Parex's position in Colombia's prolific oil-producing regions. In October 2025, Parex announced a proposal to acquire GeoPark Limited, acquiring an 11.8% ownership stake and offering a 44% premium to GeoPark's share price, reflecting a strategic expansion intent. Operationally, Parex has intensified drilling activity, incorporating horizontal and vertical wells, and advanced enhanced oil recovery programs to sustain production growth, targeting approximately 45,000 barrels of oil equivalent per day in 2025. These initiatives position Parex for continued growth with a focus on sustainable and reliable energy production in Colombia and beyond.
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 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
Frontera Energy Acknowledges Receipt and is Considering The Unsolicited Proposal from Parex Resources Inc.
Canada's Parex Resources offers $500 mln for Frontera Energy's Colombia assets
Parex Resources: The Rebound Continues
Parex Resources Announces Approval of Normal Course Issuer Bid and Automatic Share Purchase Plan
Parex Resources Announces 2026 Guidance and Board Chair Transition
Parex Resources Announces Production Update