Parex Resources Inc. provided production guidance for the second quarter and full year of 2022. For the quarter, the company expects production is estimated to be approximately 51,143 boe/d.

For the full year, the company expects production to average 54,000 to 56,000 boe/d and by the fourth quarter of 2022 achieve record production with an expected exit rate in excess of 60,000 boe/d.