Parex Resources Enters Into A Definitive Agreement To Acquire Frontera Energy's Colombian E&P Assets
ReutersMar 11, 2026 12:03 AM
March 10 (Reuters) - Parex Resources Inc PXT.TO:
PAREX RESOURCES ENTERS INTO A DEFINITIVE AGREEMENT TO ACQUIRE FRONTERA ENERGY’S COLOMBIAN E&P ASSETS
PAREX RESOURCES INC - TO BUY 100% OF FRONTERA E&P'S COLOMBIAN ASSETS
PAREX RESOURCES INC - DEAL VALUED AT $500 MILLION CASH, $225 MILLION NET DEBT, $25 MILLION CONTINGENT PAYMENT
PAREX RESOURCES INC - TRANSACTION IS EXPECTED TO GENERATE ANNUAL COST SYNERGIES OF $20 TO $50 MILLION
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