Northwire Canada EditionWednesday, October 21, 2026
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Production / Operations

Questerre updates PX Energy transaction

By The Northwire Desk — AI Analysis Jan 05, 2026 · 22:00 QEC · 0.31 QUESTERRE ENERGY CORPORATION
QEC · Price

Executive Summary

  • The 50/50 joint‑venture term sheet for developing Parana Xisto SA (PX Energy) has expired, leaving Questerre Energy Corp. as the 100% owner and operator of PX Energy.
  • As a result, Questerre will fully consolidate PX Energy’s financial and operating results for Q4 2025 and the full year ending Dec‑31‑2025.
  • Production at PX Energy remains above 4,400 boe/d, and total company production for Q4 2025 (including Western Canada) is projected to average 6,500–7,000 boe/d.

Key Details

  • Joint‑venture termination: The 50/50 JV term sheet with a Brazilian partner expired per its terms; no further partnership obligations remain.
  • Ownership: Questerre now holds 100% ownership and operational control of PX Energy, an oil‑shale production and refining entity based in southern Brazil.
  • Consolidation impact: All financial results for the quarter and period ending Dec 31 2025 will include full consolidation of PX Energy’s assets, liabilities, revenues, and expenses.
  • Current production: PX Energy is producing >4,400 barrels of oil equivalent per day (boe/d).
  • Q4 2025 production outlook: Combined company production (PX Energy + Western Canada) is estimated at 6,500–7,000 boe/d for the fourth quarter of 2025.
  • Operational momentum: The company cites “continued operational momentum and stable field performance” as drivers of the production guidance.

Notable Quotes

(No direct CEO/President quotes were included in the release.)

Read the original news release →

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Production / Operations