Parex Resources Inc. provided production guidance for the fourth quarter and year ended December 31, 2021 and for the month ended January 2022. For the fourth quarter, estimated to be approximately 49,779 boe/d (consisting of 6,376 bbl/d of light crude oil and medium crude oil, 41,534 bbl/d of heavy crude oil and 11,214 mcf/d of conventional natural gas), up approximately 7% from fourth quarter 2020.

For the year, production estimated to be approximately 46,998 boe/d (consisting of 6,831 bbl/d of light crude oil and medium crude oil, 38,449 bbl/d of heavy crude oil and 10,308 mcf/d of conventional natural gas).

For the month January 2022, estimated to be approximately 51,500 boe/d, which is an approximately 14% increase over January 2021 production.