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 [...]
Paramount Resources Ltd. is pleased to announce first quarter 2023 financial and operating results highlighted by record production in the Grande Prairie Region, an active capital program that will drive second half 2023 production growth and continued strong free cash flow generation. HIGHLIGHTS First quarter sales volumes averaged 97,269 Boe/d , similar to the fourth quarter of 2022 even with the impact of 4,700 Boe/d [...]
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 April 28, 2023 to shareholders of record on April 14, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both [...]
Paramount Resources Ltd. is pleased to report 2022 annual financial and operating results highlighted by record production, adjusted funds flow and free cash flow and substantial reserves additions. HIGHLIGHTS The Company achieved record annual sales volumes of 88,672 Boe/d in 2022. Fourth quarter sales volumes averaged 97,370 Boe/d , of which 64,434 Boe/d was produced in the Grande Prairie Region. Cash from operating [...]
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 February 28, 2023 to shareholders of record on Feb 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both [...]
CALGARY, AB, Jan. 11, 2023 Paramount Resources Ltd. is pleased to announce the closing of the disposition of its Kaybob Smoky and Kaybob South Duvernay properties and a special dividend of $1.00 per class A common share . The Company is also pleased to provide preliminary estimates of its fourth quarter production and annual 2022 capital expenditures and updates to its 2023 guidance, preliminary 2024 guidance and [...]
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