Paramount Resources Ltd. (PQ51)

Overview

Paramount Resources Ltd. is an established player in the energy sector, primarily focused on the exploration and development of petroleum and natural gas reserves and resources within Canada. Since its founding in 1976, the company has concentrated its efforts on exploiting both conventional and unconventional sources of energy. Paramount Resources Ltd. is headquartered in Calgary, Canada, situating itself in the heart of Canada's oil and gas industry. The company's strategic asset base is spread across several key locations, including the Karr and Wapiti Montney properties in Alberta, the Kaybob North Duvernay development, natural gas properties in west-central Alberta, the Willesden Green Duvernay development in central Alberta, and the Horn River Basin in northeast British Columbia. These areas are significant for their potential in petroleum and natural gas production, enabling Paramount to play a pivotal role in energy supply.

Products and Services

• Karr and Wapiti Montney Properties

Paramount Resources holds interests in the Karr and Wapiti Montney properties, which collectively cover an area of 109,000 net acres located to the south of Grande Prairie, Alberta. These properties are notable for their unconventional petroleum and natural gas reserves, positioning Paramount as a key player in the Montney formation, one of North America's most promising hydrocarbon plays.

• Kaybob North Duvernay Development and Natural Gas Properties

The company also operates in the Kaybob North Duvernay development, spanning an area of 124,000 net acres in west-central Alberta. This region is well-regarded for its rich natural gas and condensate resources, which are extracted from the Duvernay formation. Paramount's activities here underline its capability in developing unconventional resource plays, contributing significantly to its production portfolio.

• Willesden Green Duvernay Development

In the heart of central Alberta, Paramount advances its interests in the Willesden Green Duvernay development. This project further extends the company's reach into unconventional resource exploration and production, leveraging the prolific Duvernay shale formation's potential for high-value petroleum and natural gas.

• Shale Gas Producing Properties in the Horn River Basin

Expanding its unconventional resource base, Paramount Resources owns shale gas producing properties in the Horn River Basin, situated in northeast British Columbia. Covering an expansive area of 249,000 net acres, this region is critical for its shale gas resources, contributing to the diversity and size of the company's asset portfolio in significant hydrocarbon-producing basins.