Parex Resources Announces Production Update

Core Viewpoint - Parex Resources Inc. has provided a production update for Q4 2025 and announced the abandonment of the Guapo-1 exploration well due to non-commercial hydrocarbon production [1][4]. Production Update - Average production for Q4 2025 was 48,606 barrels of oil equivalent per day (boe/d), representing an 11% increase from Q3 2025 [6]. - Production breakdown for the three months ended December 31, 2025: - Block LLA-34: 19,719 boe/d - Southern Llanos: 22,470 boe/d - Northern Llanos: 2,848 boe/d - Magdalena Basin: 2,065 boe/d - Natural Gas Production: 1,504 mcf/d [2]. Monthly Production Breakdown - Monthly average production figures: - October 2025: 49,300 boe/d - November 2025: 50,100 boe/d - December 2025: 46,500 boe/d [3]. Guapo-1 Exploration Well - The Guapo-1 exploration well was spudded in October 2025 and reached a target depth of approximately 15,000 feet. The well was abandoned after determining that hydrocarbon production was not commercial, with drilling costs around $12 million [4]. Company Overview - Parex Resources Inc. is one of the largest independent oil and gas companies in Colombia, focusing on sustainable and conventional production. The company is headquartered in Calgary, Canada, with an operating office in Bogotá, Colombia [5].