Stock Value
About Parex Resources
Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.
Block LLA-34 (55% working interest)
The company obtained its 55% interest in Block LLA-34. In 2019, the company continued to delineate and develop the Tigana and Jacana pools and discovered a new accumulation at Gauco, participating in the drilling of 27 wells resulting in 25 producing oil wells and two under test. Average net oil production from Block LLA-34 in 2019 was 38,549 barrel per day net (consisting of 1,511 barrel per day light crude oil and medium crude oil and 37,038 barrel per day of heavy crude oil) or 70,089 barrel of oil equivalent per day gross (consisting of 2,747 barrel per day light crude oil and medium crude oil and 67,342 barrel per day of heavy crude oil).
Cabrestero Block (100% working interest)
In 2019, the company drilled 7 wells, Bacano Oeste-1, 2, 5 and Akira 12, 13, 14 and 17.
Capachos Block (50% working interest)
In 2019, the company drilled 2 wells, Andina Norte-1 and Andina-3, and constructed a natural gas processing facility. Average net oil production from the Capachos Block in 2019 was 2,483 barrel of oil equivalent per day net (consisting of 2,440 barrel per day of light crude oil and medium crude oil and 258 thousand cubic feet per day of conventional natural gas) or 4,966 barrel of oil equivalent per day gross (consisting of 4,880 barrel per day light crude oil and medium crude oil and 566 thousand cubic feet per day of conventional natural gas).
Block LLA-32 (87.5% working interest)
In 2019, the company drilled the Azogue-1 exploration well resulting in a discovery in the Guadalupe and Mirador reservoirs. Average net oil production from Block LLA-32 in 2019 was 2,323 barrel of oil equivalent per day net (consisting of 1,389 barrel per day of light crude oil and medium crude oil and 5,603 thousand cubic feet per day of conventional natural gas) or 2,655 barrel of oil equivalent per day gross (consisting of 1,601 barrel per day of light crude oil and medium crude oil and 6,403 thousand cubic feet per day of conventional natural gas).
Block LLA-26 (100% working interest)
Average oil production from Block LLA-26 in 2019 was 1,626 barrel per day net (1,626 barrel per day gross) consisting entirely of heavy crude oil.
History
Parex Resources Inc. was incorporated in 2009.
