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News  ›  GlobeNewswire Inc.

Parex Resources Announces Production Update

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Parex Resources Announces Production Update

Parex Resources reported Q4 2025 average production of 48,606 boe/d, an 11% increase from Q3 2025, driven by new wells at LLA-32 and LLA-74. However, the company abandoned the Guapo-1 exploration well at VIM-1 after determining hydrocarbon production was not commercial, resulting in a $12 million net loss.

Insights
MRK   neutral

Underperforming stock YTD, but with diverse pipeline, record Q3 revenue, strong oncology drug Keytruda, and low valuation at 10x forward earnings


PAEXY   neutral

Mixed results: positive production growth of 11% quarter-over-quarter with strong performance from new wells, but offset by the abandonment of an exploration well with a $12 million net loss and lower December production (46,500 boe/d) compared to November (50,100 boe/d), indicating stabilization below peak levels.