Parex Resources Shares Insights on Q2 2025 Production Growth
Production Update from Parex Resources
Parex Resources Inc., one of the leaders in the oil and gas sector, has recently shared exciting news regarding its production for the second quarter of 2025. With headquarters in Calgary and operations primarily in Colombia, Parex is known for its sustainable production initiatives and commitment to operational excellence.
Q2 2025 Production Highlights
As reported, the estimated average production for Q2 2025 has reached an impressive 42,550 barrels of oil equivalent per day (boe/d). This figure reflects a strong growth trajectory for the company and is indicative of the positive outcomes resulting from prior exploration successes.
Monthly Breakdown of Production
The company noted that its production surged to approximately 43,950 boe/d in June 2025. This production boost was aided by the successful launch of the first horizontal well at LLA-74 in the Southern Llanos region, which has shown promising results.
Future Projections
Looking ahead, Parex is gearing up for additional production increases. In July 2025, the company anticipates ramping up output from its second horizontal well at LLA-74 and commencing operations on the first well from the LLA-32 development campaign.
Detailed Production Data
The breakdown of production services according to the various operational blocks is key to understanding Parex’s overall capacity. Here’s a quick look at the June production figures:
- Block LLA-34: 21,500 boe/d
- Southern Llanos: 13,800 boe/d
- Northern Llanos: 4,000 boe/d
- Magdalena Basin: 2,250 boe/d
- Natural Gas Production: 1,000 boe/d
These figures show that Parex stands as a robust entity in the global oil and gas market.
Impending Q2 2025 Conference Call
Parex Resources will host a conference call and webcast on July 30, 2025, where they will provide further insights into their Q2 2025 results. This is an opportunity for investors and stakeholders to gain a deeper understanding of the company’s performance and future strategies.
Access details for the call are as follows:
Conference ID: 5403995
Participant Toll-Free Dial-In Number: 1-646-307-1963
Participant Dial-In Number: 1-647-932-3411
Webcast link: Please check the company's website or investor relations for more details.
Company Overview
Established as one of the key players in Colombia’s oil and gas sector, Parex Resources Inc. has carved out a reputation for itself through sustainable practices and operational effectiveness. The company continues to evolve while focusing on its commitment to shareholder value.
For further inquiries, please reach out to:
Mike Kruchten
Senior Vice President, Capital Markets & Corporate Planning
Parex Resources Inc.
Phone: 403-517-1733
Email: investor.relations@parexresources.com
Steven Eirich
Senior Investor Relations & Communications Advisor
Parex Resources Inc.
Phone: 587-293-3286
Email: investor.relations@parexresources.com
Frequently Asked Questions
What is the average production for Q2 2025?
The estimated average production for Q2 2025 is 42,550 boe/d.
When will Parex release its Q2 2025 results?
The results will be released on July 30, 2025.
What impacts the production growth at Parex?
Production growth has been positively influenced by successful exploration results and new well startups, particularly at LLA-74.
How can investors participate in the upcoming conference call?
Investors can join the conference call using the dial-in numbers and conference ID provided by Parex Resources.
Who should I contact for more information?
For additional details, you can reach out to Mike Kruchten or Steven Eirich through the provided contact information.
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