Parex Resources provides short-term outlook

The company said, “As the initial phases of the 2026 drilling program are underway, Parex currently has five operated rigs and one non-operated rig, reflecting strong performance in Q4 2025 and translating that momentum into the new year. Based on the planned front-end weighted activity, Management expects capital expenditures to be elevated in H1 2026, with more moderate spending anticipated for the remainder of the year.”