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Production / Operations

Parex Resources Announces Production Update and Timing of Q3 2025 Results

By The Northwire Desk — AI Analysis Oct 01, 2025 · 08:00 PXT · 18.19 PAREX RESOURCES INC.
PXT · Price

Executive Summary

  • Parex Resources reports an estimated Q3 2025 average production of 44,000 boe/d, up from 42,542 boe/d in Q2 2025.
  • New wells at the LLA‑32 field have boosted current field production by >40% since the tuck‑in acquisition, and a fourth near‑field exploration success pushes short‑term average to ~46,500 boe/d.
  • The company plans to bring 4–6 additional production‑adding wells online across LLA‑32, Capachos and Putumayo before year‑end, targeting strong Q4 2025 results and a solid start to 2026.

Key Details

  • Quarterly Production Estimates (Q3 2025):
  • Average production: 44,000 boe/d (preliminary).
  • Block breakdown: LLA‑34 20,800 boe/d; Southern Llanos 16,950 boe/d; Northern Llanos 2,750 boe/d; Magdalena Basin 2,100 boe/d; Natural Gas 1,400 boe/d.
  • Monthly Production (preliminary):
  • July 2025 – 44,400 boe/d
  • August 2025 – 43,500 boe/d

  • September 2025 – 44,050 boe/d

  • Product Type Details (September 30 2025):

  • Light & Medium Crude Oil: 10,317 bbl/d
  • Heavy Crude Oil: 32,280 bbl/d

  • Conventional Natural Gas: 8,425 mcf/d

  • Recent Operational Highlights:

  • New wells at LLA‑32 increased field production >40% since acquisition.

  • Fourth near‑field exploration success (late September) contributed to a short‑term average of ~46,500 boe/d.

  • Forward Outlook (2025‑2026):

  • Plan to commission 4–6 new wells across LLA‑32, Capachos, and Putumayo during the remainder of 2025.

  • Expected to sustain Q4 2025 production levels and provide a strong entry into 2026.

  • Conference Call & Webcast:

  • Date: Tuesday, Nov 4 2025 at 9:30 am MT / 11:30 am ET.
  • Dial‑in: 1‑646‑307‑1963 (toll‑free) or 1‑647‑932‑3411; Conference ID 5403995.
  • Webcast link: https://events.q4inc.com/attendee/117735037

Notable Quotes

  • (No direct quotes were provided in the release.)
Read the original news release →

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