Northwire Canada EditionWednesday, October 21, 2026
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GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4% GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4%
Production / Operations

Parex Resources Announces Production Update

By The Northwire Desk — AI Analysis Jan 12, 2026 · 17:00 PXT · 18.29 PAREX RESOURCES INC.
PXT · Price

Executive Summary

  • Q4 2025 average production rose to 48,606 boe/d, an 11% increase versus Q3 2025.
  • New wells LLA‑32 and LLA‑74 drove strong November output; December reflected stabilized rates.
  • The Guapo‑1 exploration well at VIM‑1 reached target depth but was abandoned after non‑commercial results, with drilling costs of roughly $12 M (net).

Key Details

  • Q4 2025 Average Production: 48,606 boe/d (up 11% YoY Q3).
  • Block‑level production (boe/d) for Q4 2025:
  • LLA‑34 – 19,719
  • Southern Llanos – 22,470
  • Northern Llanos – 2,848
  • Magdalena Basin – 2,065
  • Natural Gas – 1,504
  • Monthly Production (boe/d):
  • October 2025 – 49,300
  • November 2025 – 50,100
  • December 2025 – 46,500
  • Product Type Breakdown (Q4 2025):
  • Light & Medium Crude Oil – 14,835 bbl/d
  • Heavy Crude Oil – 32,267 bbl/d
  • Conventional Natural Gas – 9,025 mcf/d
  • Well Activity: Two active rigs continue drilling in the Putumayo Basin; operations ongoing at LLA‑32 and Capachos.
  • Guapo‑1 Well (VIM‑1): Spudded Oct 2025, reached ~15,000 ft depth; logging indicated non‑commercial hydrocarbon presence; well abandoned. Estimated net drilling cost ≈ $12 M.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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