Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 2700 Eighth Avenue Place West Tower 585 8 Ave SW CALGARY AB T2P 1G1 |
Tel: | 1-403-5171733 |
Website: | https://parexresources.com |
IR: | See website |
Key People | ||
Imad Mohsen President, Chief Executive Officer, Director | Sanjay Bishnoi Chief Financial Officer | Daniel Ferreiro President and Country Manger Parex Resources Colombia |
Eric Furlan Chief Operating Officer | Michael Kruchten Senior Vice President - Capital Markets and Corporate Planning |
Business Overview |
Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena. All of the Company's oil production and 87% of the oil, natural gas and natural gas liquids (NGL) proved plus probable reserves are located in the Llanos Basin of Colombia with the remaining oil reserves and production located in the Magdalena Basin of Colombia. |
Financial Overview |
For the fiscal year ended 31 December 2023, Parex Resources Inc revenues decreased 11% to $1.17B. Net income decreased 25% to $459.3M. Revenues reflect Crude Oil segment decrease of 14% to $1.4B, Natural Gas Production, Total decrease of 51% to 1.7B cubic feet. Net income also reflects Average Production Costs per unit, Total increase of 51% to $10.42 per barrel, Exploration Costs increase of 41% to $164.6M. |
Employees: | 449 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,444M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,597M as of Dec 31, 2023 |
EBITDA (TTM): | $1,090M as of Dec 31, 2023 |
Net annual income (TTM): | $627.19M as of Dec 31, 2023 |
Free cash flow (TTM): | -$361.83M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 103,273,986 as of Mar 12, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |