Operator · Cardium Shale
Parex Resources, Inc.
26 articles mentioning Parex Resources, Inc. · Page 1 of 2
Frontera Energy's Colombian Assets: A Contested Acquisition Emerges in Latin America's E&P Sector
Background Frontera Energy Corporation (TSX: FEC), a publicly listed Canadian holding company with upstream oil and gas operations in Colombia, has become the center of a contested acquisition battle — with two well-capitalized independent operators each...
Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
Parex and strategic partner Ecopetrol provided an update on their Llanos Foothills exploration program, noting that a full strategic alliance has effectively been achieved and that key Foothills agreements and regulatory approvals are now complete. In...
Parex Axes 2020 Capex by 53%; Suspends Further D&C Ops
Parex Resources Inc. has updated its 2020 plan and outlook in response to the significant decrease in global energy prices and the COVID-19 pandemic. Cuts 2020 Capex 53%, Suspends Remaining D&C Ops Parex has suspended all...
Parex Details Q4 2019 Results; Updates 2020 Plan
Parex Resources Inc. reported its Q4 and full year 2019 results. 2019 Full Year Highlights Annual oil and natural gas production in 2019 averaged 52,687 barrels of oil equivalent per day ("boe/d") (98% crude oil), representing...
Four South America-Focused Companies, 43 Exploration Wells
Four South America-focused E&Ps have released their 2020 plans and we are taking a look at their outlook for the year. Approximately 43 new exploration wells are planned for this year by GeoPark Ltd., Gran Tierra...
Parex Keeps 2020 Budget Flat YOY at $225MM; Targets 5% Production Growth
Parex Resources has detailed its 2020 capital plan. Parex didn't disclose any drilling or well plans, but it plans to keep capital spending flat YOY and expects a 5% growth in production. The company's operations are...
GeoPark Scores New Acreage in Bid Round; Finds Partners
GeoPark Limited has expended its portfolio in Colombia following a new successful Agencia Nacional de Hidrocarburos (ANH) bid round and an agreement with Parex Resources. GeoPark was awarded the Llanos 123 and Llanos 124 blocks in...
Parex Resources Reports Q3 2019 Results
Parex Resources Inc. reported its Q3 2019 results. Highlights: Funds flow provided by operations ("FFO") of $142.7 million ($0.99 (or CAD $1.31)(1) per share basic); Capital expenditures were $48.6 million in the period and $149.9 million...
Parex Resources Reports Q2 2019 Results
Parex Resources Inc. reported its Q2 2019 results. Highlights: Funds flow provided by operations ("FFO") of $151.0 million ($1.03 (or CAD $1.38)(1) per share basic); Capital expenditures ("Capex") were $48.7 million in the period compared to...
Parex IDs Results from Latest Capachos Well Test in Colombia
Parex Resources Inc. has reported the testing of the Capachos Block Andina Norte-1 well in the Guadalupe Formation. Capachos (WI Parex 50%, Ecopetrol S.A 50%) Parex, as the operator drilled the Andina Norte-1 exploration well to...
Ecopetrol, Parex Make Oily Discovery at Boranda-1 Well
Boranda-1 is operated by Parex, with an interest of 50%, while Ecopetrol holds the other 50%.
Parex Resources Board Reshuffles, New CEO
Executive appointments and changes to the Board of Directors
Colombia-Focused Parex to Drill Up to 120% More Wells in 2017
Parex Resources has detailed its 2017 production and capital budget guidance (US$).
Parex Mobilizing Rigs to Multiple Projects; Accelerating Drilling
Parex Resources Inc. reported on its 2H2016 activities, including mobilizing more rigs and accelerating drilling.
Parex Ramps Up Budget ~91%; More Wells Planned
Parex Resources Inc. announces its unaudited financial and operating results for the three months ended June 30, 2016.
Parex to Farm-in with Ecopetrol, Possible Capex Increase
Upon the receipt of various regulatory approvals, expand the 2016 capital program with focus in Middle Magdalena Basin.
Parex Resources Ups 2P Reserves to 82 MMBOE
Proved plus probable reserves increased by 19 percent year-over-year.
Parex Resources Production Guidance Increased for 2015
Fourth quarter 2015 oil production is forecast to be 28,500 bopd.
Parex Plans 8 Test Wells for Remainder of 2015
Added to future development and appraisal drilling inventory with the 2015 oil discovery at Rumba and potential at Chachalaca.
Parex's Rumba Discovery on Production
Production at the Rumba exploration discovery of ~1,000 bopd of 19 API oil with a water cut of less than 1%