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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. 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*
$2.0B
Net Profit Margin (2024)
XYZ
414.1%
(2024 vs 2023)
* As of and is in US$
Parex Resources Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Exploration Services |
| Crude Oil |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 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. |
| 2026 | Contracts/Agreements | In March, the company entered into an agreement to acquire Frontera Petroleum International Holdings B.V. from Frontera Energy Corporation. |
| 2026 | Plans/Strategy | In February, the company announced plans to acquire Frontera Energy’s Colombian upstream business. |
Competitor Comparison
| Key Parameters | Parex Resources Inc | Imperial Oil Ltd | Canadian Natural Resources Ltd | Ovintiv Inc | Valeura Energy Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | United States of America | Singapore |
| City | Calgary | Calgary | Calgary | Denver | Singapore City |
| State/Province | Alberta | Alberta | Alberta | Colorado | - |
| No. of Employees | 461 | 5,000 | 10,750 | 1,465 | 209 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Wayne K. Foo | Chairman | Executive Board | - | - |
| Glenn McNamara | Vice Chairman | Executive Board | 2016 | - |
| Imad Mohsen | President; Chief Executive Officer; Director | Executive Board | 2021 | - |
| Cameron Grainger | Chief Financial Officer | Senior Management | 2011 | - |
| Eric Furlan | Chief Operating Officer | Senior Management | 2018 | - |
| 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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