Business
Parex Resources Announces Production Update and Timing of Q2 2025 Results
CALGARY, Alberta, July 03, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” o...
About this update from Parex Resources Inc.
[{"type":"text","content":" Parex Resources Announces Production Update and Timing of Q2 2025 Results\n\n\n\n CALGARY, Alberta, July 03, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update and plan to release its Q2 2025 financial and operating results on July 30, 2025.\n \n\n\n\n Q2 2025 Production Update\n \n\n\n\n (1)\n \n\n\n\n (2)\n \n\n\n\n\n Estimated Q2 2025 average production was 42,550 boe/d.\n \n\n June 2025 average production was approximately 43,950 boe/d; production growth was supported by previously disclosed positive exploration results and the successful startup of the first follow-up horizontal well at LLA-74 in the Southern Llanos.\n \n\n In July 2025, the Company expects to ramp up production from its second follow-up horizontal well at LLA-74 and bring onstream the first well of the LLA-32 development campaign.\n \n\n\n\n\n\n\n\n boe/d\n \n\n\n\n For the three months ended June 30, 2025\n \n\n\n\n\n Block LLA-34\n \n\n 21,500\n \n\n\n\n Southern Llanos\n \n\n 13,800\n \n\n\n\n Northern Llanos\n \n\n 4,000\n \n\n\n\n Magdalena Basin\n \n\n 2,250\n \n\n\n\n Natural Gas Production\n \n\n 1,000\n \n\n\n\n\n Average Production\n \n\n\n\n 42,550\n \n\n\n\n\n\n\n Monthly Production Breakdown\n \n\n (1)\n \n\n (2)\n \n\n\n\n\n\n boe/d\n \n\n\n\n April 2025\n \n\n\n\n May 2025\n \n\n\n\n June 2025\n \n\n\n\n\n\n Average Production\n \n\n\n\n 41,350\n \n\n\n\n 42,300\n \n\n\n\n 43,950\n \n\n\n\n\n\n (1) See “Product Type Disclosure.”\n \n\n\n (2) Average production numbers are preliminary, subject to final reconciliation, and rounded for presentation purposes.\n \n\n\n\n\n Q2 2025 Conference Call & Webcast\n \n\n\n\n Parex will host a conference call and webcast to discuss its Q2 2025 results on Wednesday, July 30, 2025, beginning at 9:30 am MT (11:30 am ET). To participate in the conference call or webcast, please see the access information below:\n \n\n\n\n Conference ID:\n \n Participant Toll-Free Dial-In Number:\n \n Participant Dial-In Number:\n \n Webcast:\n \n\n 5403995\n \n 1-646-307-1963\n \n 1-647-932-3411\n \n https://events.q4inc.com/attendee/228530270\n \n\n\n\n\n\n\n\n\n\n\n\n\n About Parex Resources Inc.\n \n\n\n\n Parex is one of the largest independent oil and gas companies in Colombia, focusing on sustainable, convention...