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Parex Resources acquires Frontera for growth
PUBLIC · PAEXYAug 08, 2026•about 23 hours ago
Acquiring Company
Parex Resources
Acquired Company
Frontera
CalgaryEnergyOil And GasSoftware
Description
Parex Resources has completed its acquisition of Frontera, significantly boosting its cash flow amid higher commodity prices. The acquisition increases Parex's debt but maintains a healthy debt ratio. Management is optimistic about financial performance due to favorable market conditions. Additionally, Parex anticipates increased joint venture production supporting growth.
Company Information
Company
Parex Resources
Location
Calgary, Alberta, Canada
About
With over 10 years of experience, Parex is now the largest independent exploration and production company in Colombia. We are focused on delivering sustainable, conventional oil and gas production and growing our business over the long term. Parex has a proven track record of success built on delivering total shareholder returns through growth and return of capital measures.