Parex Resources Announces Production Update and Timing of Q3 2026 Results

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Postmedia has not reviewed the content. by GlobeNewswire Parex Resources Announces Production Update and Timing of Q3 2026 ResultsAuthor of the article:CALGARY, Alberta, Oct. 08, 2026 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update as well as plans to release its Q3 2026 financial & operating results on Friday, November 6, 2026.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountQ3 2026 Production Update(1)(2)Q3 2026 average production was 83,259 boe/d.Production in September was supported primarily by increased production from near-field exploration success at LLA-111 in the Eastern Llanos.Parex is reiterating its H2 2026 average production guidance of 82,000 to 91,000 boe/d(3), with production growth from current levels expected to be driven by the November addition of approximately 7,000 bbl/d (net) from the Ecopetrol partnership in the Magdalena, alongside continued success at LLA-111.This advertisement has not loaded yet, but your article continues below.boe/dFor the three months ended September 30, 2026Llanos58,290LLA-3418,813Magdalena5,309Putumayo847Average Production83,259Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again(1) Production numbers are preliminary and subject to final reconciliation.(2) See “Product Type Disclosure” for a breakdown of production by product type.(3) FY 2026 average production guidance of 63,000 to 67,000 boe/d is also being reiterated; as reaffirmed on July 30, 2026.Monthly Production Breakdown(1)(2)boe/dJuly 2026August 2026September 2026Average Production83,05082,25084,500(1) See “Product Type Disclosure” for a breakdown of production by product type.(2) Production numbers are preliminary and subject to final reconciliation; rounded for presentation purposes.Q3 2026 Results – Conference Call & WebcastParex expects to release its Q3 2026 financial and operating results before markets open on Friday, November 6, 2026, with the Company planning to host a conference call and webcast beginning at 9:30 am MT (11:30 am ET). To participate in the conference call or webcast, please see the access information below:This advertisement has not loaded yet, but your article continues below.Conference ID:128 354 764North America Toll-Free:1-833-461-5787International Toll:1-585-542-9983Webcast:https://events.q4inc.com/attendee/128354764 About Parex Resources Inc.Parex is the largest independent oil and gas company in Colombia, focusing on sustainable, conventional production. The Company’s corporate headquarters are in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex shares trade on the Toronto Stock Exchange under the symbol PXT.For more information, please contact:Mike KruchtenSenior Vice President, Capital Markets & Corporate PlanningParex Resources Inc. 403-517-1733investor.relations@parexresources.comSteven EirichSenior Investor Relations & Communications AdvisorParex Resources Inc.587-293-3286investor.relations@parexresources.comNOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATESProduct TypeJuly 2026August 2026September 2026Light & Medium Crude Oil (bbl/d)21,62221,31823,744Heavy Crude Oil (bbl/d)58,38058,00457,718Conventional Natural Gas (mcf/d)16,36315,85716,148Natural Gas Liquids (boe/d)320285346Oil Equivalent (boe/d)83,05082,25084,500This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Product TypeFor the three months ended September 30, 2026Light & Medium Crude Oil (bbl/d)22,217Heavy Crude Oil (bbl/d)58,038Conventional Natural Gas (mcf/d)16,122Natural Gas Liquids (boe/d)317Oil Equivalent (boe/d)83,259(1) Production numbers are preliminary and subject to final reconciliation; rounded for presentation purposes where applicable.Oil & Gas Matters AdvisoryThe term “Boe” means a barrel of oil equivalent on the basis of 6 thousand cubic feet (“mcf”) of natural gas to 1 barrel (“bbl”). Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6 mcf: 1 bbl, utilizing a conversion ratio at 6 mcf: 1 bbl may be misleading as an indication of value.Advisory on Forward-Looking StatementsCertain information regarding Parex set forth in this press release contains forward-looking statements that involve substantial known and unknown risks and uncertainties. The use of any of the words “plan”, “expect”, “intend”, “believe”, “anticipate” or other similar words, or statements that certain events or conditions “may” or “will” occur, are intended to identify forward-looking statements. These statements are only predictions, and actual events or results may differ materially. Many factors could cause actual events to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Parex. In particular, forward-looking statements contained in this press release include, but are not limited to, statements regarding, the intent, belief or current expectations, regarding various matters including, the results from the ongoing drilling campaign at LLA-111 to enable future growth; the Company’s expected new production from the Ecopetrol S.A. partnership in the Magdalena; the Company’s annual average production guidance for 2026; the Company’s reiterated H2 2026 average production guidance and the factors therefor; and the anticipated timing of when Parex will release its quarterly results and hold its quarterly conference call.This advertisement has not loaded yet, but your article continues below.These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to, results and timelines of exploration and development drilling, test, monitoring and work programs and related activities; obtaining required approvals of regulatory authorities in Colombia; political developments in Colombia; environmental, health and safety risks inherent in oil and gas operations; the risk that Parex’s FY 2026 average production may be less than anticipated; the risk that Parex’s H2 2026 average production may be less than anticipated; the risk that Parex’s financial and operating results may not be consistent with its expectations; the risk that the Company may not release its quarterly results and/or hold its quarterly conference call; and other factors, many of which are beyond the control of the Company. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Parex’s operations and financial results is included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca). Although the forward-looking statements contained in this press release are based upon assumptions which management believes to be reasonable, the Company cannot assure investors that actual events will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and Parex disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.The following abbreviations used in this press release have the meanings set forth below:bbl/dbarrels per dayboe/dbarrels of oil equivalent of natural gas per daymcf/dthousand cubic feet per day This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.