Parex Resources Outlines Major Expansion in Colombia
Parex Resources is expanding its operations in Colombia through a $725 million acquisition of Frontera, which could nearly double the company's production and make it the largest independent E&P firm in the country. The company reported Q1 production of just under 45,000 boe/day and raised $500 million to finance growth.
Topics: acquisition energy expansion_strategy oil_and_gas_production