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Parex Resources TSE: PXT outlined a strategy centered on production growth, integration of acquired assets, expanded partnerships with Ecopetrol and a renewed exploration program in Colombia, according to a company presentation in Denver.

Parex Resources completed the Frontera acquisition. PARXF's debt rose above $700 million but remains below a 1.0 debt ratio. Higher-than-expected commodity prices are driving substantial incremental cash flow.

Parex Resources TSE: PXT said its second-quarter results marked a turning point following transactions that expanded its production base, reserves and Colombian operating footprint, with management focusing on integration, cost synergies and organic exploration opportunities in the second half of 2026.

Parex Resources has completed its acquisition of Frontera's upstream assets, effective June 1. With the acquisition, PARXF is guiding to a significant production increase in Q3. The integration of Frontera assets is expected to materially impact near-term output.