POU 📈 Paramount Resources - Overview

Paramount Resources Ltd. is a Canadian energy company that engages in the exploration and development of conventional and unconventional petroleum and natural gas reserves and resources. The company's operations are primarily focused in Western Canada, where it holds significant interests in several key properties, including the Karr and Wapiti Montney properties, which span approximately 109,000 net acres south of Grande Prairie, Alberta. These properties are known for their high-quality Montney formations, which offer substantial potential for natural gas and liquids production.

The company's portfolio also includes the Kaybob North Duvernay development, which covers an area of 124,000 net acres in west-central Alberta. This region is characterized by its prolific Duvernay formation, a major source rock for oil and gas in the Western Canadian Sedimentary Basin. Additionally, Paramount Resources has interests in the Willesden Green Duvernay development in central Alberta, as well as shale gas producing properties in the Horn River Basin in northeast British Columbia, which encompasses a significant area of 249,000 net acres. These diverse assets provide the company with a robust foundation for growth and development in the Canadian energy sector.

Founded in 1976, Paramount Resources is headquartered in Calgary, Canada, a major hub for the country's oil and gas industry. With a long history of operations in Canada, the company has established itself as a key player in the exploration and production of petroleum and natural gas reserves. As a publicly traded company, Paramount Resources offers common stock (ISIN: CA6993202069) and is classified under the GICS Sub Industry: Oil & Gas Exploration & Production. For more information, investors and stakeholders can visit the company's website at https://www.paramountres.com.