TSX:PXTOil and Gas
The Bull Case For Parex Resources (TSX:PXT) Could Change Following New Ecopetrol Development Partnership - Learn Why
Parex Resources and Ecopetrol recently finalized a collaboration under which Parex will earn a 50% participating share in the Casabe and Llanito blocks in Colombia’s Magdalena Basin by committing US$250 million of capital over five years, focused on infill drilling, waterflood optimization, and enhanced oil recovery.
The agreement gives Parex access to established infrastructure and a direct pipeline link to Ecopetrol’s Barrancabermeja refinery, which could meaningfully influence future...