Parex Resources Inc. (PXT) - Oil & Gas - Deals and Alliances Profile

 Published On: Aug, 2016 |    No of Pages: 79 |  Published By: GlobalData | Format: PDF
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Summary

Parex Resources Inc. (Parex) is an oil and gas company that explores, develops and produces oil and natural gas in South America and the Caribbean. The company concentrates in Colombia and develops its reserves and to conduct appraisal and exploration drilling. It holds interests in onshore exploration blocks and in the exploration blocks in the Llanos Basin of Colombia: Capachos, Block LLA-10, LLA-16, Block LLA-20, Block LLA-24, Block LLA-26, Block LLA-29, Block LLA-30, LLA-32, Cebucan, and others. The company operates in Middle Magdalena and Lower Magdalena and through its subsidiaries in Barbados, Colombia, Trinidad and Bermuda. Parex is headquartered in Calgary, Alberta, Canada.

Parex Resources Inc. (PXT) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Parex Resources Inc., Oil & Gas, Deals By Year, 2010 to YTD 2016 6
Parex Resources Inc., Oil & Gas Deals By Type, 2010 to YTD 2016 7
Parex Resources Inc., Oil & Gas, Deals By Region, 2010 to YTD 2016 8
Parex Resources Inc., Oil & Gas, Deals By Sector, 2010 to YTD 2016 9
Parex Resources Inc., Oil & Gas, Deals Summary, 2010 to YTD 2016 10
Parex Resources Inc., Oil & Gas, Deal Details 12
Asset Purchase 12
Parex Resources To Farm-In 50% Interest In De Mares Block, Colombia From Ecopetrol 12
Parex Resources To Farm-In 50% Interest In Playon Block, Colombia From Ecopetrol 13
Parex Resources To Acquire 50% Interest In Aguas Blancas Light Oil Field From Ecopetrol 14
Parex Colombia Completes Acquisition Of 100% Interest In Cebucan Block In Colombia For US$4.5 Million 15
Parex Resources Completes Acquisition Of Additional 5.5% Interest In Block LLA-10, Colombia For US$0.85 Million 16
Parex Colombia Completes Acquisition Of 44.5% Interest In LLA-10 Block In Colombia 17
Parex Resources To Acquire 50% Interest In Capachos Block In Colombia From Ecopetrol 18
Parex Resources Acquires 50% Interest In Exploration Area Of El Porton Block In Colombia From Petroamerica 19
Parex Colombia Acquires Remaining 50% Interest In Morpho Block In Colombia From Platino Energy 20
Parex Resources Signs Farm-In Agreement For 60% Interest In VMM-11 Block In Colombia 21
Parex Resources Completes Acquisition Of Remaining 50% Interest In Cabrestero Block From CEPSA For US$12.4 Million 22
Parex Completes Acquisition Of Additional 25% Interest In El Eden Block In Colombia From Talisman Energy For US$7 Million 24
Petroamerica And Parex Resources Complete Acquisition Of Remaining 50% Interest In Los Ocarros Block In Colombia 25
Parex Resources And Parex Resources (Trinidad) Completes Acquisition Of 33.8% Interest In Moruga License For US$10 Million 26
Parex Resources Completes Acquisition Of 35% Interest In El Eden Block In Llanos Basin From Petroamerica 27
Parex Resources Completes Acquisition Of 25% Interest In Los Ocarros Block From Petroamerica 28
Equity Offering 29
Parex Resources Completes Public Offering Of Shares For US$109 Million 29
Parex Resources Completes Bought Deal Public Offering Of Subscription Receipts For US$226 Million 31
Parex Resources Completes Bought Deal Offering Of US$73.4 Million 33
Debt Offering 35
Parex Resources Completes Public Offering Of 5.25% Debentures Due 2016 For US$88.4 Million 35
Asset Transactions 37
Parex Resources Terminates Acquisition Of 70% Working Interest In LLA-24 Block In Colombia From Sorgenia E&P 37
Parex Resources To Farm-Out Additional 31% Participating Interest In Moruga Block In South Central Trinidad 38
Parex Resources Completes Farm-Out Of 20% Participating Interest In Moruga Block In South Central Trinidad For US$1.9 Million 39
Acquisition 40
Rex International Acquires Parex Trinidad From Parex Barbados For US$1.7 Million 40
Parex Resources Completes Acquisition Of Verano Energy For US$260.7 Million 41
Parex Resources Acquires Sorgenia E&P For US$5 Million 43
Parex Resources Acquires Ramshorn International From Nabors Industries For US$72.6 Million 44
Parex Resources Acquires Remora Energy Colombia From Remora Energy International For US$252.9 Million 45
Parex Resources Inc. - Key Competitors 47
Key Employees 48
Locations And Subsidiaries 49
Head Office 49
Other Locations & Subsidiaries 49
Recent Developments 50
Recent Discoveries 50
Sep 03, 2015: Parex Announces Colombian Oil Discoveries 50
Financial Announcements 51
Aug 10, 2016: Parex reports 2016 second quarter results 51
May 10, 2016: Parex Resources Announces 2016 First Quarter Results And Initiates 13 Well Drilling Program 52
Mar 08, 2016: Parex Resources Announces 2015 Fourth Quarter And Full Year 2015 Results 53
Nov 02, 2015: Parex Announces 2015 Third Quarter Results Highlighted By Record Production And Balance Sheet Strength 56
Oct 15, 2015: Parex Operational Update: Q3 Production 27,375 bopd And Successful Appraisal Drilling At Jacana, Tilo & Bazar 58
Aug 04, 2015: Parex Announces 2015 Second Quarter Results Highlighted By Production Growth, Increased Cash Flow And Balance Sheet Strength 59
Mar 10, 2015: Parex Resources Announces 2014 Fourth Quarter And Full Year 2014 Results 61
Other Significant Developments 64
Jul 07, 2016: Parex Provides Operational Update Highlighted By Jacana Field Extension 64
Feb 08, 2016: Parex Resources Increases 2P Reserves To 82 MMboe, Achieves 232% 2P Reserves Replacement, And Delivers 2P F&D Of USD$0.99/boe 65
Nov 05, 2015: Parex Announces Executive Management Changes 67
Nov 02, 2015: Parex 2016 Guidance: 10% Growth To 30,200 bopd 68
Sep 03, 2015: Parex Announces 2015 Oil Production Guidance 70
Jul 06, 2015: Parex Operational Update: Q2 Production Exceeds 27,000 bopd And Expansion Of Rumba Oil Discovery 71
May 11, 2015: Parex Announces 2015 First Quarter Results And Colombian Oil Discovery At LLA-26 Rumba 72
Apr 06, 2015: Parex Operational Update: Q1 Production 26,700 Bopd And Plans For Drilling Activity Increase In 2015 74
Mar 27, 2015: Parex Resources Announces Approval Of Renewed Normal Course Issuer Bid 75
Feb 10, 2015: Parex Increases 2P Reserves To 68 MMboe, Reserve Replacement Of 540%, Expands RLI To 7.1 Years And Delivers 2P FD&A Of USD$13.82/boe 76
Appendix 79
Methodology 79
About GlobalData 79
Contact Us 79
Disclaimer 79

List of Tables
Parex Resources Inc., Oil & Gas, Key Facts, 2015 1
Parex Resources Inc., Oil & Gas, Deals Summary, 2010 to YTD 2016 1
Parex Resources Inc., Oil & Gas, Deals By Year, 2010 to YTD 2016 6
Parex Resources Inc., Oil & Gas Deals By Type, 2010 to YTD 2016 7
Parex Resources Inc., Oil & Gas, Deals By Region, 2010 to YTD 2016 8
Parex Resources Inc., Deals By Sector, 2010 to YTD 2016 9
Parex Resources Inc., Oil & Gas, Deals Summary, 2010 to YTD 2016 10
Parex Resources To Farm-In 50% Interest In De Mares Block, Colombia From Ecopetrol 12
Parex Resources To Farm-In 50% Interest In Playon Block, Colombia From Ecopetrol 13
Parex Resources To Acquire 50% Interest In Aguas Blancas Light Oil Field From Ecopetrol 14
Parex Colombia Completes Acquisition Of 100% Interest In Cebucan Block In Colombia For US$4.5 Million 15
Parex Resources Completes Acquisition Of Additional 5.5% Interest In Block LLA-10, Colombia For US$0.85 Million 16
Parex Colombia Completes Acquisition Of 44.5% Interest In LLA-10 Block In Colombia 17
Parex Resources To Acquire 50% Interest In Capachos Block In Colombia From Ecopetrol 18
Parex Resources Acquires 50% Interest In Exploration Area Of El Porton Block In Colombia From Petroamerica 19
Parex Colombia Acquires Remaining 50% Interest In Morpho Block In Colombia From Platino Energy 20
Parex Resources Signs Farm-In Agreement For 60% Interest In VMM-11 Block In Colombia 21
Parex Resources Completes Acquisition Of Remaining 50% Interest In Cabrestero Block From CEPSA For US$12.4 Million 22
Parex Completes Acquisition Of Additional 25% Interest In El Eden Block In Colombia From Talisman Energy For US$7 Million 24
Petroamerica And Parex Resources Complete Acquisition Of Remaining 50% Interest In Los Ocarros Block In Colombia 25
Parex Resources And Parex Resources (Trinidad) Completes Acquisition Of 33.8% Interest In Moruga License For US$10 Million 26
Parex Resources Completes Acquisition Of 35% Interest In El Eden Block In Llanos Basin From Petroamerica 27
Parex Resources Completes Acquisition Of 25% Interest In Los Ocarros Block From Petroamerica 28
Parex Resources Completes Public Offering Of Shares For US$109 Million 29
Parex Resources Completes Bought Deal Public Offering Of Subscription Receipts For US$226 Million 31
Parex Resources Completes Bought Deal Offering Of US$73.4 Million 33
Parex Resources Completes Public Offering Of 5.25% Debentures Due 2016 For US$88.4 Million 35
Parex Resources Terminates Acquisition Of 70% Working Interest In LLA-24 Block In Colombia From Sorgenia E&P 37
Parex Resources To Farm-Out Additional 31% Participating Interest In Moruga Block In South Central Trinidad 38
Parex Resources Completes Farm-Out Of 20% Participating Interest In Moruga Block In South Central Trinidad For US$1.9 Million 39
Rex International Acquires Parex Trinidad From Parex Barbados For US$1.7 Million 40
Parex Resources Completes Acquisition Of Verano Energy For US$260.7 Million 41
Parex Resources Acquires Sorgenia E&P For US$5 Million 43
Parex Resources Acquires Ramshorn International From Nabors Industries For US$72.6 Million 44
Parex Resources Acquires Remora Energy Colombia From Remora Energy International For US$252.9 Million 45
Parex Resources Inc., Key Competitors 47
Parex Resources Inc., Key Employees 48
Parex Resources Inc., Subsidiaries 49

List of Figures
Parex Resources Inc., Oil & Gas, Deals by Type, 2010 to YTD 2016 1
Parex Resources Inc., Oil & Gas, Deals By Year, 2010 to YTD 2016 1
Parex Resources Inc., Oil & Gas, Deals By Region, 2010 to YTD 2016 1
Parex Resources Inc., Oil & Gas, Deals By Sector, 2010 to YTD 2016 1
Parex Resources Inc., Oil & Gas, Deals By Year, 2010 to YTD 2016 6
Parex Resources Inc., Oil & Gas, Deals by Type, 2010 to YTD 2016 7
Parex Resources Inc., Oil & Gas, Deals By Region, 2010 to YTD 2016 8
Parex Resources Inc., Oil & Gas, Deals by Sector, 2010 to YTD 2016 9


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