Parex Resources Inc. provided production guidance for the second quarter and full year of 2022. Fiscal year 2022 midpoint production guidance increased from 53,000 boe/d to 55,000 boe/d, with projected 2022 exit production rate of over 60,000 boe/d.

Second quarter 2022 production is expected to be 52,000 boe/d to 53,000 boe/d.