Parex Resources Inc (Parex) is a conventional oil and gas exploration and development company. It carries out exploration, development and production of crude oil and natural gas. The company holds interests in onshore blocks in Magdalena Basins and Colombia's Llanos. Parex's exploration blocks include Block LLA-34, Block LLA-32, Cabrestero, VIM-1 and Boranda, Merecure and Midas, Capachos, De Mares and Aguas Blancas. The company offers its products and services through international and local suppliers, contractors and service providers. It operates through its offices located in Calgary; Canada and Bogota; 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
parexresources.com
Telephone
1 403 2654800
No of Employees
449
Industry
Energy and Utilities
Ticker Symbol & Exchange
PXT (TSE)
Revenue (2022)
$1.2B
-10.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-24.9%
(2022 vs 2021)
Market Cap*
$1.8B
Net Profit Margin (2022)
XYZ
-15.8%
(2022 vs 2021)
* As of and is in US$
Parex Resources Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Crude Oil | Exploration and Development |
| Natural Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company and Ecopetrol collaborated to secure gas supply and support energy transition initiatives. |
| 2024 | Contracts/Agreements | In January, the company secured a license from Colombia to build a geothermal energy project to produce electricity. |
| 2022 | Contracts/Agreements | In April, Parex Resources Colombia Ltd together with Celsia inaugurated the first solar energy farm in Casanare, located in the Kitaro/Akira field. |
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 | Canada |
| City | Calgary | Calgary | Calgary | Denver | Calgary |
| State/Province | Alberta | Alberta | Alberta | Colorado | Alberta |
| No. of Employees | 449 | 5,300 | 10,272 | 1,743 | 196 |
| 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 | - | - |
| Imad Mohsen | Chief Executive Officer; President; Director | Executive Board | 2021 | - |
| Kenneth G. Pinsky | Chief Financial Officer; Secretary | Senior Management | - | - |
| Eric Furlan | Chief Operating Officer | Senior Management | - | - |
| Daniel Ferreiro | Country Manager - Colombia; President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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