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Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia through its subsidiary Petroteccion Colombia SpA. The company's interests include Petroteccion Colombia SpA, which is engaged in the exploration, development, and production of oil and natural gas in Colombia; Petrotibo Limited; Petrotibo Eastern Sea Limited; Petrotibo Norte Limited; Petrotuk Limited; Petrotrutas S.A.; Petroprim S.A.; and Petroprimero Veracruz S.A., as well as other subsidiaries which are involved in exploration, drilling and production activities across various regions of Mexico. The company was incorporated in 2009 and is headquartered in Calgary, Canada.