Parex to Acquire Frontera Energy’s Colombian E&P Assets

Paul, Weiss is advising Parex Resources Inc., one of the largest independent oil and gas companies in Colombia, on its definitive agreement to acquire Frontera Energy Corporation’s Colombian exploration and production (E&P) business for up to $525 million in cash. Parex and Frontera entered into the agreement following the termination of Frontera’s previous agreement to sell its Colombian E&P assets to GeoPark Limited. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Stan Richards and Adam Givertz and includes partners Christopher Cummings and Christian Kurtz and counsel Steven Centa.