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 1,644M USD for 2022 and 1,057M USD for 2021.

How many employees does Parex Resources have?

Parex Resources has 348 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

1,644   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

348

Established

2009

Public

Toronto (TSX): PXT

 Subscribe to unlock this and 202,409
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 194K M&A Transactions
  • 198K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Parex Resources

Alberta Companies , Oil/Gas Exploration Companies , Canada Companies , Alberta Oil/Gas Exploration Companies , Alberta Oil/Gas Exploration with Acquisitions , Alberta Oil/Gas Exploration with Divestitures

Related Lists for Alberta Companies

Largest Alberta Companies , Acquisitive Alberta Companies , Recently Acquired Alberta Companies , Recently Sold Alberta Companies , Private Alberta Companies , Public Alberta Companies , Acquired Alberta Companies , PE Backed Alberta Companies

Related Lists for Oil/Gas Exploration Companies

Largest Oil/Gas Exploration Companies , Acquisitive Oil/Gas Exploration Companies , Recently Acquired Oil/Gas Exploration Companies , Recently Sold Oil/Gas Exploration Companies , Private Oil/Gas Exploration Companies , Public Oil/Gas Exploration Companies , Acquired Oil/Gas Exploration Companies , PE Backed Oil/Gas Exploration Companies

Related Lists for Canada Companies

Largest Canada Companies , Acquisitive Canada Companies , Recently Acquired Canada Companies , Recently Sold Canada Companies , Private Canada Companies , Public Canada Companies , Acquired Canada Companies , PE Backed Canada Companies
Mergr

Product

Company

Legal