Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on December 29, 2023 to shareholders of record on Dec 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for [...]
Paramount Resources Ltd. is pleased to announce its third quarter 2023 financial and operating results, which included record production, and an expansion of its Montney acreage in the Grande Prairie Region. The Company is also pleased to announce its 2024 capital expenditure budget and guidance and five-year outlook. HIGHLIGHTS Third quarter sales volumes averaged 98,644 Boe/d , a quarterly record. Grande Prairie Region [...]
Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on Oct 31, 2023 to shareholders of record on Oct 16, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for and [...]
Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on September 29, 2023 to shareholders of record on September 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Paramount Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy [...]
Paramount Resources Ltd. is pleased to announce second quarter 2023 financial and operating results. HIGHLIGHTS Second quarter sales volumes averaged 88,243 Boe/d , reflecting an estimated 12,000 Boe/d impact of the Alberta wildfires. Grande Prairie Region sales volumes averaged 66,950 Boe/d . Despite the wildfires, Karr achieved record quarterly sales volumes of approximately 44,000 Boe/d and Grande Prairie Region sales [...]
Paramount Resources Ltd. is pleased to advise that it has successfully restored all but approximately 2,500 Boe/d of the production that had been curtailed as a result of the Alberta wildfires. The Company now expects first half 2023 average sales volumes to be approximately 92,500 Boe/d compared to previous guidance of 96,000 to 101,000 Boe/d. Paramount is working to restore the last of the curtailed production and [...]
Paramount Resources Ltd. is pleased to announce the appointment of Ms. Jill McAuley of Calgary, Alberta to its Board of Directors . Ms. McAuley has 19 years of operational and technical experience in the oil and natural gas sector, including senior executive responsibility for corporate strategy, asset development, reservoir management, marketing and forecasting. She was a founder and Senior Vice President of Deltastream [...]
Paramount Resources Ltd. is pleased to advise that it has restored the majority of production that had been temporarily curtailed as a result of the Alberta wildfires. The Company has fully resumed operations in the Grande Prairie Region. Approximately 14,000 Boe/d of production in the Kaybob Region is currently shut-in, with all but 5,000 Boe/d expected to be on production within a week. The remaining 5,000 Boe/d will be [...]
Paramount Resources Ltd. advises that, as a result of the further development of the ongoing Alberta wildfires, the third-party Wapiti natural gas processing facility and the Company's fields producing to the facility were again shut down on the afternoon of May 12. Approximately 45,000 Boe/d of production in the Grande Prairie and Kaybob Regions is now temporarily curtailed. The Company is not aware of any significant [...]
Paramount Resources Ltd. is pleased to advise that it has restored 75% of the approximately 50,000 Boe/d of production that had been temporarily curtailed as a result of the Alberta wildfires. With the restart of the third-party Wapiti natural gas processing facility, the Company has fully resumed operations in the Grande Prairie Region. Paramount will bring the remaining curtailed production in the Kaybob Region back [...]
Paramount Resources Ltd. advises that its operations in the Grande Prairie and Kaybob Regions are being impacted by the ongoing wildfires in those areas. Paramount has safely evacuated all of its affected personnel. As a result of the precautionary shut-in of fields and operated and third-party infrastructure, approximately 50,000 Boe/d of production has been temporarily curtailed since the evening of May 5. The Company [...]
Paramount Resources Ltd. announces that the following seven director nominees were elected at today's annual general meeting of shareholders: VOTES FOR VOTES WITHHELD Number Percent Number Percent James Riddell 107,985,057 96.40 % 4,031,853 3.60 % James Bell 110,641,545 98.77 % 1,375,365 1.23 % Wilfred Gobert 110,867,147 98.97 % 1,149,763 1.03 % Dirk Jungé 105,620,527 94.29 % 6,396,383 5.71 % Kim Lynch Proctor 110,925,373 [...]
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