{"success":true,"data":{"pressRelease":{"id":"164961","rtpr_id":"nGNX5QNC6y-20261008","ticker":"PXT","exchange":"TSX","all_tickers":["PXT"],"title":"Parex Resources Announces Production Update and Timing of Q3 2026 Results","author":"Globe Newswire","published_at":"2026-10-08T22:00:00.175Z","article_body":"CALGARY, Alberta, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc.\n(“Parex” or the “Company”) (TSX: PXT) announces a production update as\nwell as plans to release its Q3 2026 financial & operating results on Friday,\nNovember 6, 2026.\n\nQ3 2026 Production Update((1)(2))\n* Q3 2026 average production was 83,259 boe/d.\n* Production in September was supported primarily by increased production from\nnear-field exploration success at LLA-111 in the Eastern Llanos.\n* Parex is reiterating its H2 2026 average production guidance of 82,000 to\n91,000 boe/d((3)), with production growth from current levels expected to be\ndriven by the November addition of approximately 7,000 bbl/d (net) from the\nEcopetrol partnership in the Magdalena, alongside continued success at\nLLA-111.\n boe/d               For the three months ended September 30, 2026  \n Llanos              58,290                                         \n LLA-34              18,813                                         \n Magdalena           5,309                                          \n Putumayo            847                                            \n Average Production  83,259                                         \n\n((1) Production numbers are preliminary and subject to final\nreconciliation.(2) See “Product Type Disclosure” for a breakdown of\nproduction by product type.)\n((3) FY 2026 average production guidance of 63,000 to 67,000 boe/d is also\nbeing reiterated; as reaffirmed on July 30, 2026.)\n\nMonthly Production Breakdown((1)(2))\n\n boe/d               July 2026  August 2026  September 2026  \n Average Production  83,050     82,250       84,500          \n\n((1) See “Product Type Disclosure” for a breakdown of production by\nproduct type.)\n((2) Production numbers are preliminary and subject to final reconciliation;\nrounded for presentation purposes.)\n\nQ3 2026 Results – Conference Call & Webcast\n\nParex expects to release its Q3 2026 financial and operating results before\nmarkets open on Friday, November 6, 2026, with the Company planning to host a\nconference call and webcast beginning at 9:30 am MT (11:30 am ET). To\nparticipate in the conference call or webcast, please see the access\ninformation below:\n\n Conference ID:            128 354 764                                  \n North America Toll-Free:  1-833-461-5787                               \n International Toll:       1-585-542-9983                               \n Webcast:                  https://events.q4inc.com/attendee/128354764  \n                                                                        \n\nAbout Parex Resources Inc.\n\nParex is the largest independent oil and gas company in Colombia, focusing on\nsustainable, conventional production. The Company’s corporate headquarters\nare in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex\nshares trade on the Toronto Stock Exchange under the symbol PXT.\n\nFor more information, please contact:\n\nMike Kruchten\nSenior Vice President, Capital Markets & Corporate Planning\nParex Resources Inc. \n403-517-1733\ninvestor.relations@parexresources.com\n\nSteven Eirich\nSenior Investor Relations & Communications Advisor\nParex Resources Inc.\n587-293-3286\ninvestor.relations@parexresources.com\n\nNOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES\n\nProduct Type Disclosure\n\n Product Type                      July 2026  August 2026  September 2026  \n Light & Medium Crude Oil (bbl/d)  21,622     21,318       23,744          \n Heavy Crude Oil (bbl/d)           58,380     58,004       57,718          \n Conventional Natural Gas (mcf/d)  16,363     15,857       16,148          \n Natural Gas Liquids (boe/d)       320        285          346             \n Oil Equivalent (boe/d)            83,050     82,250       84,500          \n\n\n\n Product Type                      For the three months ended September 30, 2026  \n Light & Medium Crude Oil (bbl/d)  22,217                                         \n Heavy Crude Oil (bbl/d)           58,038                                         \n Conventional Natural Gas (mcf/d)  16,122                                         \n Natural Gas Liquids (boe/d)       317                                            \n Oil Equivalent (boe/d)            83,259                                         \n\n((1) Production numbers are preliminary and subject to final reconciliation;\nrounded for presentation purposes where applicable.)\n\nOil & Gas Matters Advisory\n\nThe term \"Boe\" means a barrel of oil equivalent on the basis of 6 thousand\ncubic feet (\"mcf\") of natural gas to 1 barrel (“bbl”). Boe may be\nmisleading, particularly if used in isolation. A boe conversion ratio of 6\nmcf: 1 bbl is based on an energy equivalency conversion method primarily\napplicable at the burner tip and does not represent a value equivalency at the\nwellhead. Given the value ratio based on the current price of crude oil as\ncompared to natural gas is significantly different from the energy equivalency\nof 6 mcf: 1 bbl, utilizing a conversion ratio at 6 mcf: 1 bbl may be\nmisleading as an indication of value.\n\nAdvisory on Forward-Looking Statements\n\nCertain information regarding Parex set forth in this press release contains\nforward-looking statements that involve substantial known and unknown risks\nand uncertainties. The use of any of the words \"plan\", \"expect\", \"intend\",\n\"believe\", \"anticipate\" or other similar words, or statements that certain\nevents or conditions \"may\" or \"will\" occur, are intended to identify\nforward-looking statements. These statements are only predictions, and actual\nevents or results may differ materially. Many factors could cause actual\nevents to differ materially from those expressed or implied in any\nforward-looking statements made by, or on behalf of, Parex. In particular,\nforward-looking statements contained in this press release include, but are\nnot limited to, statements regarding, the intent, belief or current\nexpectations, regarding various matters including, the results from the\nongoing drilling campaign at LLA-111 to enable future growth; the Company’s\nexpected new production from the Ecopetrol S.A. partnership in the Magdalena;\nthe Company’s annual average production guidance for 2026; the Company’s\nreiterated H2 2026 average production guidance and the factors therefor; and\nthe anticipated timing of when Parex will release its quarterly results and\nhold its quarterly conference call.\n\nThese forward-looking statements are subject to numerous risks and\nuncertainties, including but not limited to, results and timelines of\nexploration and development drilling, test, monitoring and work programs and\nrelated activities; obtaining required approvals of regulatory authorities in\nColombia; political developments in Colombia; environmental, health and safety\nrisks inherent in oil and gas operations; the risk that Parex's FY 2026\naverage production may be less than anticipated; the risk that Parex’s H2\n2026 average production may be less than anticipated; the risk that Parex's\nfinancial and operating results may not be consistent with its expectations;\nthe risk that the Company may not release its quarterly results and/or hold\nits quarterly conference call; and other factors, many of which are beyond the\ncontrol of the Company. Readers are cautioned that the foregoing list of\nfactors is not exhaustive. Additional information on these and other factors\nthat could affect Parex’s operations and financial results is included in\nreports on file with Canadian securities regulatory authorities and may be\naccessed through the SEDAR+ website (www.sedarplus.ca). Although the\nforward-looking statements contained in this press release are based upon\nassumptions which management believes to be reasonable, the Company cannot\nassure investors that actual events will be consistent with these\nforward-looking statements. These forward-looking statements are made as of\nthe date of this press release and Parex disclaims any intent or obligation to\nupdate publicly any forward-looking statements, whether as a result of new\ninformation, future events or results or otherwise, other than as required by\napplicable securities laws.\n\nAbbreviations\n\nThe following abbreviations used in this press release have the meanings set\nforth below:\n\n bbl/d  barrels per day                                   \n boe/d  barrels of oil equivalent of natural gas per day  \n mcf/d  thousand cubic feet per day                       \n                                                          \n\nPDF available:\nhttp://ml.globenewswire.com/Resource/Download/e88d624c-85cf-4eac-81a0-b0846d77d0c9\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7c861746-c264-4d75-907c-115b5ce673fd)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5QNC6y-20261008","title":"Parex Resources Announces Production Update and Timing of Q3 2026 Results","author":"Globe Newswire","ticker":"PXT","created":"2026-10-08T22:00:00.175Z","tickers":["PXT"],"exchange":"TSX","article_body":"CALGARY, Alberta, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc.\n(“Parex” or the “Company”) (TSX: PXT) announces a production update as\nwell as plans to release its Q3 2026 financial & operating results on Friday,\nNovember 6, 2026.\n\nQ3 2026 Production Update((1)(2))\n* Q3 2026 average production was 83,259 boe/d.\n* Production in September was supported primarily by increased production from\nnear-field exploration success at LLA-111 in the Eastern Llanos.\n* Parex is reiterating its H2 2026 average production guidance of 82,000 to\n91,000 boe/d((3)), with production growth from current levels expected to be\ndriven by the November addition of approximately 7,000 bbl/d (net) from the\nEcopetrol partnership in the Magdalena, alongside continued success at\nLLA-111.\n boe/d               For the three months ended September 30, 2026  \n Llanos              58,290                                         \n LLA-34              18,813                                         \n Magdalena           5,309                                          \n Putumayo            847                                            \n Average Production  83,259                                         \n\n((1) Production numbers are preliminary and subject to final\nreconciliation.(2) See “Product Type Disclosure” for a breakdown of\nproduction by product type.)\n((3) FY 2026 average production guidance of 63,000 to 67,000 boe/d is also\nbeing reiterated; as reaffirmed on July 30, 2026.)\n\nMonthly Production Breakdown((1)(2))\n\n boe/d               July 2026  August 2026  September 2026  \n Average Production  83,050     82,250       84,500          \n\n((1) See “Product Type Disclosure” for a breakdown of production by\nproduct type.)\n((2) Production numbers are preliminary and subject to final reconciliation;\nrounded for presentation purposes.)\n\nQ3 2026 Results – Conference Call & Webcast\n\nParex expects to release its Q3 2026 financial and operating results before\nmarkets open on Friday, November 6, 2026, with the Company planning to host a\nconference call and webcast beginning at 9:30 am MT (11:30 am ET). To\nparticipate in the conference call or webcast, please see the access\ninformation below:\n\n Conference ID:            128 354 764                                  \n North America Toll-Free:  1-833-461-5787                               \n International Toll:       1-585-542-9983                               \n Webcast:                  https://events.q4inc.com/attendee/128354764  \n                                                                        \n\nAbout Parex Resources Inc.\n\nParex is the largest independent oil and gas company in Colombia, focusing on\nsustainable, conventional production. The Company’s corporate headquarters\nare in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex\nshares trade on the Toronto Stock Exchange under the symbol PXT.\n\nFor more information, please contact:\n\nMike Kruchten\nSenior Vice President, Capital Markets & Corporate Planning\nParex Resources Inc. \n403-517-1733\ninvestor.relations@parexresources.com\n\nSteven Eirich\nSenior Investor Relations & Communications Advisor\nParex Resources Inc.\n587-293-3286\ninvestor.relations@parexresources.com\n\nNOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES\n\nProduct Type Disclosure\n\n Product Type                      July 2026  August 2026  September 2026  \n Light & Medium Crude Oil (bbl/d)  21,622     21,318       23,744          \n Heavy Crude Oil (bbl/d)           58,380     58,004       57,718          \n Conventional Natural Gas (mcf/d)  16,363     15,857       16,148          \n Natural Gas Liquids (boe/d)       320        285          346             \n Oil Equivalent (boe/d)            83,050     82,250       84,500          \n\n\n\n Product Type                      For the three months ended September 30, 2026  \n Light & Medium Crude Oil (bbl/d)  22,217                                         \n Heavy Crude Oil (bbl/d)           58,038                                         \n Conventional Natural Gas (mcf/d)  16,122                                         \n Natural Gas Liquids (boe/d)       317                                            \n Oil Equivalent (boe/d)            83,259                                         \n\n((1) Production numbers are preliminary and subject to final reconciliation;\nrounded for presentation purposes where applicable.)\n\nOil & Gas Matters Advisory\n\nThe term \"Boe\" means a barrel of oil equivalent on the basis of 6 thousand\ncubic feet (\"mcf\") of natural gas to 1 barrel (“bbl”). Boe may be\nmisleading, particularly if used in isolation. A boe conversion ratio of 6\nmcf: 1 bbl is based on an energy equivalency conversion method primarily\napplicable at the burner tip and does not represent a value equivalency at the\nwellhead. Given the value ratio based on the current price of crude oil as\ncompared to natural gas is significantly different from the energy equivalency\nof 6 mcf: 1 bbl, utilizing a conversion ratio at 6 mcf: 1 bbl may be\nmisleading as an indication of value.\n\nAdvisory on Forward-Looking Statements\n\nCertain information regarding Parex set forth in this press release contains\nforward-looking statements that involve substantial known and unknown risks\nand uncertainties. The use of any of the words \"plan\", \"expect\", \"intend\",\n\"believe\", \"anticipate\" or other similar words, or statements that certain\nevents or conditions \"may\" or \"will\" occur, are intended to identify\nforward-looking statements. These statements are only predictions, and actual\nevents or results may differ materially. Many factors could cause actual\nevents to differ materially from those expressed or implied in any\nforward-looking statements made by, or on behalf of, Parex. In particular,\nforward-looking statements contained in this press release include, but are\nnot limited to, statements regarding, the intent, belief or current\nexpectations, regarding various matters including, the results from the\nongoing drilling campaign at LLA-111 to enable future growth; the Company’s\nexpected new production from the Ecopetrol S.A. partnership in the Magdalena;\nthe Company’s annual average production guidance for 2026; the Company’s\nreiterated H2 2026 average production guidance and the factors therefor; and\nthe anticipated timing of when Parex will release its quarterly results and\nhold its quarterly conference call.\n\nThese forward-looking statements are subject to numerous risks and\nuncertainties, including but not limited to, results and timelines of\nexploration and development drilling, test, monitoring and work programs and\nrelated activities; obtaining required approvals of regulatory authorities in\nColombia; political developments in Colombia; environmental, health and safety\nrisks inherent in oil and gas operations; the risk that Parex's FY 2026\naverage production may be less than anticipated; the risk that Parex’s H2\n2026 average production may be less than anticipated; the risk that Parex's\nfinancial and operating results may not be consistent with its expectations;\nthe risk that the Company may not release its quarterly results and/or hold\nits quarterly conference call; and other factors, many of which are beyond the\ncontrol of the Company. Readers are cautioned that the foregoing list of\nfactors is not exhaustive. Additional information on these and other factors\nthat could affect Parex’s operations and financial results is included in\nreports on file with Canadian securities regulatory authorities and may be\naccessed through the SEDAR+ website (www.sedarplus.ca). Although the\nforward-looking statements contained in this press release are based upon\nassumptions which management believes to be reasonable, the Company cannot\nassure investors that actual events will be consistent with these\nforward-looking statements. These forward-looking statements are made as of\nthe date of this press release and Parex disclaims any intent or obligation to\nupdate publicly any forward-looking statements, whether as a result of new\ninformation, future events or results or otherwise, other than as required by\napplicable securities laws.\n\nAbbreviations\n\nThe following abbreviations used in this press release have the meanings set\nforth below:\n\n bbl/d  barrels per day                                   \n boe/d  barrels of oil equivalent of natural gas per day  \n mcf/d  thousand cubic feet per day                       \n                                                          \n\nPDF available:\nhttp://ml.globenewswire.com/Resource/Download/e88d624c-85cf-4eac-81a0-b0846d77d0c9\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7c861746-c264-4d75-907c-115b5ce673fd)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-08T22:00:00.228994543Z","server_sent_at_ms":1791496800228},"received_at":"2026-10-08T22:00:00.340Z","source_url":null},"analysis":{"id":"153363","press_release_id":"164961","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["production figures are preliminary and subject to final reconciliation"],"eventType":"operations_update","narrative":"Parex Resources reported preliminary Q3 2026 average production of 83,259 boe/d, within its reiterated H2 2026 guidance of 82,000-91,000 boe/d.\n\nSeptember production of 84,500 boe/d was supported by near-field exploration success at LLA-111 in the Eastern Llanos, and the company expects roughly 7,000 bbl/d (net) of new production from the Ecopetrol Magdalena partnership in November.\n\nQ3 2026 financial and operating results will be released before market open on November 6, 2026, followed by a 9:30 am MT conference call and webcast.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Parex tracking in-line on production ahead of Nov 6 results, with LLA-111 exploration success and Ecopetrol volumes set to lift Q4."},"keyFigures":{"guidance":"H2 2026 average production guidance of 82,000-91,000 boe/d reiterated; FY 2026 average production guidance of 63,000-67,000 boe/d reiterated","customDimensions":{"q3_2026_production_boed":83259,"july_2026_production_boed":83050,"august_2026_production_boed":82250,"september_2026_production_boed":84500,"ecopetrol_magdalena_addition_bopd_net":7000}},"quotedText":"Parex is reiterating its H2 2026 average production guidance of 82,000 to 91,000 boe/d","namedEntities":{"people":[{"name":"Mike Kruchten","role":"Senior Vice President, Capital Markets & Corporate Planning"},{"name":"Steven Eirich","role":"Senior Investor Relations & Communications Advisor"}],"products":["LLA-111","LLA-34","Magdalena","Putumayo"],"companies":[{"name":"Parex Resources Inc.","ticker":"PXT","relationship":"filer"},{"name":"Ecopetrol S.A.","relationship":"partner"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Preliminary production update in line with reiterated H2 2026 guidance (83,259 boe/d vs 82,000-91,000 range), with positive drivers at LLA-111 and ~7,000 bbl/d net addition expected from the Ecopetrol partnership. No results, guidance change, or capital event."},"tickerRelevance":{"others":[],"primary":"PXT"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap foreign issuer (TSX-listed)","eventGravity":"routine production update with guidance reiteration","issuerAuthored":true}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Parex Resources reported preliminary Q3 2026 average production of 83,259 boe/d, within its reiterated H2 2026 guidance of 82,000-91,000 boe/d.\n\nSeptember production of 84,500 boe/d was supported by near-field exploration success at LLA-111 in the Eastern Llanos, and the company expects roughly 7,000 bbl/d (net) of new production from the Ecopetrol Magdalena partnership in November.\n\nQ3 2026 financial and operating results will be released before market open on November 6, 2026, followed by a 9:30 am MT conference call and webcast.","key_figures":{"guidance":"H2 2026 average production guidance of 82,000-91,000 boe/d reiterated; FY 2026 average production guidance of 63,000-67,000 boe/d reiterated","customDimensions":{"q3_2026_production_boed":83259,"july_2026_production_boed":83050,"august_2026_production_boed":82250,"september_2026_production_boed":84500,"ecopetrol_magdalena_addition_bopd_net":7000}},"named_entities":{"people":[{"name":"Mike Kruchten","role":"Senior Vice President, Capital Markets & Corporate Planning"},{"name":"Steven Eirich","role":"Senior Investor Relations & Communications Advisor"}],"products":["LLA-111","LLA-34","Magdalena","Putumayo"],"companies":[{"name":"Parex Resources Inc.","ticker":"PXT","relationship":"filer"},{"name":"Ecopetrol S.A.","relationship":"partner"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-08T22:00:05.923Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap foreign issuer (TSX-listed)","eventGravity":"routine production update with guidance reiteration","issuerAuthored":true}},"durationMs":5581,"modelName":"glm-5.3-flashx"}}