Paramount Resources Ltd.

CALGARY, May 10, 2017 /CNW/ - OIL AND GAS OPERATIONS Paramount's first quarter 2017 sales volumes averaged 16,163 Boe/d (47 percent Liquids), including approximately 10,000 Boe/d (58 percent Liquids) from Karr-Gold Creek. Liquids sales revenue totaled $38.0 million in the first quarter of 2017, 69 percent of the Company's total petroleum and natural gas sales revenue. Eight wells from the 2016/2017 Karr-Gold Creek [...]

CALGARY, May 8, 2017 /CNW/ - Paramount Resources Ltd. (TSX:POU) ("Paramount") announces that it will be webcasting the annual general meeting of its shareholders to be held in the Conference Center at Centrium Place, 332 – 6th Avenue S.W., Calgary, Alberta, at 10:30 a.m. (Calgary time) Wednesday, May 10, 2017.  To listen to the annual general meeting and view the presentation to be provided at the meeting, please go to [...]

CALGARY, May 1, 2017 /CNW/ - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that it has agreed to sell its oil and gas properties in the Valhalla area of Alberta (the "Assets") for cash consideration of approximately $150 million, subject to customary post-closing adjustments.  The Assets encompass approximately 94 (74 net) sections of land and had estimated sales volumes of [...]

CALGARY, March 9, 2017 /CNW/ - Oil and Gas Operations (1) Paramount's fourth quarter 2016 sales volumes averaged 11,901 Boe/d (34 percent liquids), including approximately 5,500 Boe/d (38 percent liquids) from Karr-Gold Creek. The Company's annual sales volumes were 31,860 Boe/d, including 11,656 Boe/d from Ongoing Operations and 20,204 Boe/d related to the Musreau Assets. Five new wells on the 4-19 and 15-27 pads at [...]

CALGARY, Feb. 15, 2017 /CNW/ - HIGHLIGHTS Paramount's fourth quarter 2016 sales volumes averaged approximately 12,000 Boe/d (35 percent liquids), including about 5,500 Boe/d (40 percent liquids) from Karr-Gold Creek. In late-January 2017, total Company sales volumes increased to over 15,000 Boe/d (50 percent liquids), including approximately 10,000 Boe/d from Karr-Gold Creek (60 percent liquids), as wells from the new [...]

Paramount Resources and Cavalier Energy, Paramount's wholly-owned subsidiary, jointly announced today that Cavalier has closed a transaction pursuant to which it has granted a royalty to an unrelated third party on its oil sands properties for cash consideration of $100 million.  The Cavalier Royalty will be calculated on a sliding scale based on the prevailing monthly Western Canadian Select price.  Production will not [...]

CALGARY, Nov. 17, 2016 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") announced today that it will redeem all of its outstanding 7.625% senior unsecured notes due 2019 in the aggregate principal amount of $286,583,000 (the "2019 Notes") on December 19, 2016 (the "Redemption").  The redemption price will be 102.542% of the principal amount of the 2019 Notes redeemed.  The Company will pay the aggregate [...]

CALGARY, Nov. 9, 2016 /CNW/ - HIGHLIGHTS Paramount completed the divestiture of its oil and gas properties in the Musreau / Kakwa area of Alberta (the "Sale Transaction") in August 2016, significantly de-leveraging the Company and bolstering its balance sheet.  Total proceeds from the Sale Transaction were $2.1 billion, including $0.5 billion in cash, 33.5 million shares of Seven Generations Energy Ltd. ("7G") and $0.6 [...]

CALGARY, Oct. 11, 2016 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) announces that its board has approved Paramount implementing a normal course issuer bid ("NCIB") and a Notice of Intention to make a Normal Course Issuer Bid has been filed with and accepted by the Toronto Stock Exchange (the "TSX"). Paramount is implementing the NCIB as the Company's directors and management believe that from [...]

CALGARY, Sept. 22, 2016 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) announces that it has monetized part of its holdings of 33.5 million common shares of Seven Generations Energy Ltd. ("7G") which were acquired in August as partial consideration for the sale of the Company's Musreau/Kakwa assets. Paramount has monetized an aggregate of 24.7 million 7G shares through sale transactions for [...]