P
Parex Resources Inc.
Acquirer counsel
Paul, Weiss
Stan RichardsPartner
Adam M. GivertzPartner
3 lawyers involved
Rainmaker
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Paul, Weiss advises Parex Resources Inc on $525 million acquisition from Frontera Energy Corporation
Deal Overview
- Value
- $525m
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Paul, Weiss Overview
- Parex Resources is one of the largest independent oil and gas companies in Colombia, and the acquisition expands its position in Colombian upstream production.
- The deal is a cash acquisition of Frontera's Colombian E&P business for up to USD 525 million; Parex later raised US$500 million of 8.50% five-year notes, with the proceeds earmarked for the purchase.
- Closing is targeted for Q2 2026, subject to customary conditions, and the perimeter includes all of Frontera's Colombian upstream business plus a reverse osmosis water treatment facility and a palm oil plantation.
F
Frontera Energy Corporation
Seller counsel
Seller counsel not yet recorded