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Colombia Oil Producer Harnesses Geothermal Energy

A geothermal energy pilot plant is providing electricity for a remote wellsite. PHOTO SOURCE: Parex Resources Parex Resources Inc. (TSE: PXT) produces oil and gas from conventional onshore wells in Colombia’s Llanos and Magdalena basins. On the Las Maracas oil field, it is also producing geothermal energy via modular units to generate approximately 100 kilowatts of electricity for powering pumps and other equipment – a lower-cost and emissions-free alternative to bringing in fuel to the remote wellsite. “Parex is extremely proud of the Las Maracas Geothermal Pilot Project – Colombia’s first geothermal pilot project,” Mike Kruchten, senior vice president for capital markets and corporate planning with Parex, told Rigzone. “The multi-disciplinary team continues to investigate new project opportunities and regions where it can be expanded to a larger scale to broaden the environmental, social, and economic benefits for all of Parex’s stakeholders and the communities wh

Parex Provides Production Update Related to Colombian Blockades

Parex Provides Production Update Related to Colombian Blockades Parex Resources Inc. is a company headquartered in Calgary that focuses on sustainable, profitable, conventional oil and gas production. Production Guidance Revised Due to Transportation Blockades A series of protests across Colombia during May 2021 have resulted in transportation blockades that have restricted the production and marketing of Parex’ crude oil. Additionally, the transportation blockades impeded the … Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary that focuses on sustainable, profitable, conventional oil and gas production. Production Guidance Revised Due to Transportation Blockades A series of protests across Colombia during May 2021 have resulted in transportation blockades that have restricted the production and marketing of Parex’ crude oil. Additionally, the transportation blockades impeded the supply of materials required for capit

Parex Announces Strong Q1 2021 Performance: Top Tier Balance Sheet, Industry Leading Netbacks and Free Cash Flow

06.05.2021 - CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) - Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta that focuses on sustainable, conventional oil and gas production, is pleased to announce its .

Parex Announces Expanded Growth Capex Program

Parex Announces Expanded Growth Capex Program
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Parex Announces Expanded Growth Capex Program

Parex Announces Expanded Growth Capex Program
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