Parex Resources - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Parex Resources M&A Summary

Parex Resources has acquired 2 companies. A total of 1 acquisition came from private equity firms.

Parex Resources’ largest acquisition to date was in 2011, when it acquired Remora Energy International for $255M. Parex Resources has acquired in 2 countries. The Company’s most targeted sectors include energy services and equipment (50%) and oil/gas exploration (50%).

Parex Resources Business Overview

Where is Parex Resources headquartered?

Parex Resources is headquartered in Calgary, Alberta.

What is Parex Resources’ revenue?

Parex Resources disclosed revenue of 1,415M USD for 2023 and 1,644M USD for 2022.

How many employees does Parex Resources have?

Parex Resources has 449 employees.

What sector is Parex Resources in?

Parex Resources is an oil/gas exploration company.

When was Parex Resources founded?

Parex Resources was founded in 2009.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

Parex Resources

Parex Resources, Inc.

West Tower 2700, Eighth Avenue Place 585 8 Avenue SW,
Calgary, Alberta T2P 1G1
Canada,
(403) 265-4800
www.parexresources.com

Parex Resources is an oil and gas exploration and production company. Parex Resources was founded in 2009 and is based in Calgary, Alberta.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $453M $453M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Verano Energy Ltd. 2014-06-25 198M USD Add-on Acquisition
Calgary, Alberta
Remora Energy International LP 2011-04-21 255M USD Add-on Acquisition
Hamilton, Bermuda · www.remoraenergy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (50%) 255M (56%) - -
Oil/Gas Exploration 1 (50%) 198M (44%) - -
Total 2 $453M - -

By Geo

State/Country Buy Value Sell Value
Bermuda 1 255M - -
Canada 1 198M - -
  Alberta 1 198M - -
Domestic 1 (50%) 198M (44%) - -
Cross-border 1 (50%) 255M (56%) - -
Total 2 $453M - -

Top M&A Advisors

Financial Deals
FirstEnergy Capital Corp.
 1

Deal Values

buy # Total
$100M to $1B 2 $453M
TOTAL $453M
Largest Remora Energy International LP
$255M (2011-04-21)

M&A Connections

Deals
Acquired from
Investor(s)
50%
1 (50%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

1,415   14% 2023
1,644   56% 2022
1,057   80% 2021
588   48% 2020
1,114   16% 2019
966   47% 2018
659   49% 2017
445   15% 2016
521   31% 2015
752   2014
(millions of USD) Show More Show Less

Employees

449

Established

2009

Public

Toronto (TSX): PXT

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