Parex Resources acquires Frontera Energy

Parex Resources agreed to acquire Frontera Energy. Reported deal value: $500M. Status: Proposed. Sector: Oil and Gas. Target headquarters context: Calgary, Alberta, Canada.

This page summarizes publicly available information about the transaction as of 2026-02-23. Figures and status may change as filings and press coverage update.

Parex Resources Inc. , announced today that it has submitted an acquisition proposal to the Board of Directors of Frontera Energy Corporation to acquire all of Frontera Colombian upstream business in an all-cash offer for consideration of US$500 million, plus the assumption of debt, in addition to a contingent payment of US$25 million with terms that are substantially the same as the existing acquisition agreement previously announced