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 [...]
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 Jan 31, 2023 to shareholders of record on Jan 16, 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 announce that it has entered into an agreement with an affiliate of Crescent Point Energy Corp. for the sale of its Kaybob Smoky and Kaybob South Duvernay properties and certain other minor interests in the Kaybob Region for cash consideration of $375 million prior to adjustments . Disposition The Assets include approximately 114 gross sections of land, with 7.2 MMBoe of proved [...]
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 30, 2022 to shareholders of record on Dec 15, 2022. 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 announce third quarter 2022 financial and operating results highlighted by record production, funds flow and free cash flow and a 2023 capital expenditure budget that is forecast to generate approximately $650 million in free cash flow on production of between 105,000 Boe/d and 110,000 Boe/d . Paramount is also pleased to announce that it is increasing its regular monthly dividend by [...]
Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.10 per common share that will be payable on Oct 31, 2022 to shareholders of record on Oct 17, 2022. 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 announce that its Board of Directors has declared a cash dividend of $0.10 per common share that will be payable on September 29, 2022 to shareholders of record on September 15, 2022. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. The Company is also pleased to announce the closing of its previously announced $68.5 million Willesden Green [...]
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. Paramount Resources Ltd. has acquired 5,593,785 units of Canadian Premium Sand Inc. at a price of $0.30 per Unit for aggregate consideration of $1,678,135.50. Each Unit was comprised of one common share of CPS and one warrant . Each Warrant is exercisable to acquire one Common Share an exercise price [...]