Tag: Parex Resources

Frontera gets final order approving plan of arrangement regarding Parex

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BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 4.May.2026, Words: 164) — The Supreme Court of British Columbia approving the previously announced plan of arrangement pursuant to which Parex Resources Inc., through its wholly-owned subsidiary, Parex AcquisitionCo Inc., will acquire all of Frontera Energy Corporation‘s Colombian upstream business consisting of […]

Frontera Energy shareholders approve plan to acquire Parex Resources

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HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 30.Apr.2026, Words: 276) — Frontera Energy Corporation announced shareholders voted to approve its previously announced plan of arrangement pursuant to which Parex Resources Inc. The former, through its wholly-owned subsidiary, Parex AcquisitionCo Inc., will acquire all of Frontera’s Colombian upstream business consisting of Frontera’s […]

Parex Comments on Production Strategy [PDF Download]

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(Energy Analytics Institute, 30.Sep.2023) — Parex Resources said in late Sep. 2023 that its production strategy and approach were focused on three key things. First, minimizing decline rates and maximizing net present value; Second, enhanced oil recovery (EOR) and leveraging horizontal drilling, waterflood injection and gas reinjection; and Third, unlocking […]

Parex Looks to Unlock Colombian Assets [PDF Download]

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(Energy Analytics Institute, 31.Mar.2022) — Parex Resources is focused on further unlocking its Colombian asset portfolio through technology, the company said 31 March 2022 in a corporate presentation on its website. Key highlights from the presentation include: — First-mover advantage: acreage to explore, secured rigs and long-lead items, and strengthened […]

Ecopetrol’s 2Q:21 Earnings Call Transcript

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(Motley Fool, 4.Aug.2021) — Colombia’s state oil giant Ecopetrol hosted its second quarter 2021 conference call to discuss operational and financial details. What follows is the transcript of the call. Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. My name is Hilda, and I will […]

ANH Inks Three Deals In Third Cycle Nomination

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(ANH, 1.Dec.2020) — Colombia’s National Hydrocarbons Agency – ANH signed 4 new contracts as a conclusion of the third cycle of the Continuous Area Nomination Process, PPAA. Parex Resources and CNE Oil & Gas were awarded four areas, with associated investments estimated at approximately $40mn. COMPANY AREA NAME MUNICIPALITY Parex Resources (Colombia) LTD LLA […]

ANH Says 16 Companies Qualified For 3rd PPAA

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(Energy Analytics Institute, 23.Oct.2020) — Colombia’s National Hydrocarbon Agency or ANH published a definitive list of 16 companies qualified for the third cycle of its Permanent Area Assignment Process (PPAA). The ANH received 19 requests from companies interesting in qualifying, but settled on 16 that will be able to present […]

Frontera Announces Discovery In Colombia

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(Frontera, 6.Feb.2020) — Frontera Energy Corporation provided an exploration update in relation to prospects in Colombia in the Lower Magdalena Valley, including its exploration joint venture with Parex Resources Inc. involving the VIM-1 block. Richard Herbert, Chief Executive Officer of Frontera, commented: “We are excited that the first well with our […]

Colombia Inks $2.7bn In Investment Commitments

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(ANH, 20.Dec.2019) — With 31 exploration and production (E&P) contracts subscribed and investment commitments of more than $2,714 million in 2019, the government of Colombia’s President Ivan Duque fulfills the country and continues the sector reactivation, according to Colombia’s National Hydrocarbons Agency (ANH). In a long contract subscription day, held […]