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Production / Operations

Parex Resources Announces Llanos Foothills Strategic Alliance, Operational Strength, and Timing of 2026 Guidance

By The Northwire Desk — AI Analysis Dec 05, 2025 · 06:00 PXT · 19.02 PAREX RESOURCES INC.
PXT · Price

Executive Summary

  • Parex Resources and Ecopetrol announced the completion of a full strategic alliance covering the Llanos Foothills basin, including finalized Niscota agreement and regulatory approvals for the Floreña Huron and Farallones exploration wells.
  • November 2025 production remained strong at ~50,300 boe/d, keeping the company on track to meet the midpoint of its FY‑2025 average production guidance (≈45,000 boe/d).
  • The company will release its 2026 operational and financial guidance on January 19, 2026.

Key Details

  • Strategic Alliance
  • 50/50 partnership with Ecopetrol across the Foothills basin – from Gibraltar to Farallones – with Parex acting as operator.

  • Finalized Niscota agreement secures the Floreña Huron exploration prospect; Parex holds a 50% participation in future production of the extended Piedemonte Convenio area.

  • Exploration Updates

  • Floreña Huron (Niscota Block) – regulatory approval obtained; Parex to drill on a 100% capital basis, with civil works and spudding planned for 2026.

  • Farallones Block – all permits received; drilling also on a 100% capital basis, with civil work commencement slated for 2026.

  • Production Performance

  • October 2025 average: 49,300 boe/d (≈11,805 bbl/d light & medium oil, 35,922 bbl/d heavy oil, 9,435 mcf/d gas).
  • November 2025 average: 50,300 boe/d (≈12,045 bbl/d light & medium oil, 36,651 bbl/d heavy oil, 9,627 mcf/d gas).

  • Year‑to‑date 2025 average: 44,550 boe/d, positioning the company near the midpoint of its FY‑2025 guidance range (43,000–47,000 boe/d).

  • Guidance Announcement

  • Parex will publish its full 2026 guidance after markets close on January 19, 2026.

Notable Quotes

“Parex has long maintained a Colombia‑focused gas strategy… the final piece of the puzzle comes together, laying the foundation for a 50/50 strategic partnership across the Foothills basin.” – Imad Mohsen, President & CEO

“Our fourth‑quarter execution is on track, and I am looking forward to 2026 with established exploration and production momentum.” – Imad Mohsen

Read the original news release →

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