{"id":708226,"date":"2026-06-01T17:24:14","date_gmt":"2026-06-01T17:24:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/708226\/"},"modified":"2026-06-01T17:24:14","modified_gmt":"2026-06-01T17:24:14","slug":"frontera-energy-closes-sale-of-colombian-ep-assets-to-parex-resources-winnipeg-free-press","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/708226\/","title":{"rendered":"Frontera Energy closes sale of Colombian E&P assets to Parex Resources \u2013 Winnipeg Free Press"},"content":{"rendered":"

CALGARY \u2013 Frontera Energy Corp. says it has completed the sale of its Colombian exploration and production assets to Parex Resources Inc. in a deal valued at US$750 million including assumed debt.<\/p>\n

In connection with the transaction, Frontera announced a return of capital distribution to shareholders of C$8.34 per share.<\/p>\n

Frontera chief executive Orlando Cabrales Segovia says the transaction marked an important milestone for the company.<\/p>\n

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\n\t\t\t\t\t\t\t\t\tThe Parex Resources logo is seen in an undated handout image. THE CANADIAN PRESS\/Handout-Parex Resources (Mandatory Credit)<\/p>\n

He says Frontera is now well positioned as a focused infrastructure company with a clear path for growth.<\/p>\n

Frontera holds a 35 per cent interest in the Oleoducto de Los Llanos Orientales S.A., one of Colombia\u2019s main crude oil pipelines, and its 99.97 per cent stake in Puerto Bahia, a maritime terminal in Colombia.<\/p>\n

Parex says the Frontera deal adds 37,000 barrels of oil equivalent per day of production.<\/p>\n

\n\t\tWinnipeg Free Press | Newsletter\n\t<\/p>\n

\t\t\t\t\t\"Sign<\/p>\n

\u00a0This report by The Canadian Press was first published June 1, 2026.<\/p>\n

Companies in this story: (TSX:FEC, TSX:PXT)<\/p>\n","protected":false},"excerpt":{"rendered":"CALGARY \u2013 Frontera Energy Corp. says it has completed the sale of its Colombian exploration and production assets…\n","protected":false},"author":2,"featured_media":708227,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194296],"tags":[49,48,22073],"class_list":["post-708226","post","type-post","status-publish","format-standard","has-post-thumbnail","category-winnipeg","tag-ca","tag-canada","tag-winnipeg"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/708226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=708226"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/708226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/708227"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=708226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=708226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=708226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}