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Parex Resources Inc (Parex) is oil and gas company that carries out the exploration, development and production of oil and gas resources in Llanos and Magdalena basins in Colombia. Its major properties portfolio includes Block LLA-34, Cabrestero Block, Capachos Block and Block VIM-1, Arauca, among others. The company provides its services to international and local suppliers, contractors and service providers in the oil and gas industry. It has operational presence in Canada and Colombia. Parex is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
2700 Eighth Avenue Place, West Tower 585 8 Ave Sw, Calgary, Alberta, T2P1G1
Website
www.parexresources.com
Telephone
1 403 2654800
No of Employees
461
Industry
Energy and Utilities
Ticker Symbol & Exchange
PXT (TSE)
Revenue (2024)
$887.5M
-18.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
320.4%
(2024 vs 2023)
Market Cap*
$1.7B
Net Profit Margin (2024)
XYZ
414.1%
(2024 vs 2023)
* As of and is in US$
Parex Resources Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Crude Oil | Exploration Service |
| Natural Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Asset Purchase | In June, the company acquired Frontera Energy Corporation's Colombian exploration and production assets. |
| 2026 | Acquisitions/Mergers/Takeovers | In May, Parex AcquisitionCo Inc. acquired 100% stake in Frontera International Holdings B.V. from Frontera Energy Corporation. |
| 2026 | Contracts/Agreements | In May, the company entered into an agreement with Ecopetrol to acquire a 50% stake in the Casabe and Llanito blocks in Colombia's Magdalena Basin. |
Competitor Comparison
| Key Parameters | Parex Resources Inc | Vermilion Energy Inc | Baytex Energy Corp | Gran Tierra Energy Inc | GeoPark Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Colombia |
| City | Calgary | Calgary | Calgary | Calgary | Bogota |
| State/Province | Alberta | Alberta | Alberta | Alberta | - |
| No. of Employees | 461 | 636 | 227 | 406 | 382 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Glenn McNamara | Chairman | Executive Board | 2016 | - |
| Imad Mohsen | Chief Executive Officer; Director; President | Executive Board | 2021 | - |
| Cameron Grainger | Chief Financial Officer | Senior Management | 2011 | - |
| Eric Furlan | Chief Operating Officer | Senior Management | 2018 | - |
| Daniel Ferreiro | CountryManager Parex Resources Colombia; President | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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