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Paramount Resources Ltd

Company Summary

Description

Paramount Resources Ltd. is a leading, independent Canadian energy company that is focused on responsibly developing its world-class portfolio of diverse resource plays while consistently building value for shareholders. Paramount explores for, develops, produces and markets natural gas, oil and natural gas liquids in Alberta, British Columbia, Saskatchewan and the Northwest Territories.

Website

http://www.paramountres.com/

Operational Regions

  • Western Canadian Sedimentary Basin

Financial Data:


Tickers:

  • POU - Toronto Stock Exchange

Related Entities

Recent news

  • 10/20/2023 - Ksi Lisims LNG Project... (subscriber access)
  • 10/20/2023 - Ksi Lisims LNG Project... (subscriber access)
  • 3/7/2023 - Paramount Resources... (subscriber access)
  • 3/7/2023 - Paramount Resources... (subscriber access)
  • 3/7/2023 - Paramount Resources... (subscriber access)

Investor Presentations

  • 3Q22 Earnings Presentation
  • September 2020 Corporate Presentation (subscriber access)
  • January 2018 Corporate Presentation (subscriber access)
  • Paramount Strategic Transaction Review - July 2017 (subscriber access)

Company Transactions

Date: 2/28/2021
Type: Acquisition

BUYERS:
  • Tourmaline Oil Corp
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    COST: 88 $MM

    VOLUMES: 2.6 MBOE/d

    NOTES:
    Paramount Resources reported that they have entered into three asset sale deals worth a cumulative $80 million, of which two recently closed and the third will close in February 2021. Production from the non-core assets totaled 2.6 Mboe/d (95% gas).
    REGIONS:
  • Canada

    • Date: 12/5/2019
    Type: Acquisition

    SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    COST: 55 $MM

    VOLUMES: 8.5 MBOE/d

    ACRES: 320000 Acres

    NOTES:
    Paramount Resources reported it has closed the sale of certain natural gas weighted properties in West Central Alberta for cash consideration of roughly $55 million.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 7/20/2018
    Type: Acquisition

    BUYERS:
  • Strath Resources Ltd.
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    COST: 340 $MM

    VOLUMES: 5.3 MBOE/d

    ACRES: 97280 Acres

    NOTES:
    Strath will issue Paramount $170 million in cash, 85 million common shares and 10-year warrants to acquire a further 8.5 million shares.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 9/15/2017
    Type: Merger

    BUYERS:
  • Paramount Resources Ltd
    • SELLERS:
  • Trilogy Energy Corp
    • DETAILS:
    NOTES:
    Under the merger, Paramount would acquire all of the common shares and non-voting shares of Trilogy not already owned by Paramount in exchange for Class A common shares of Paramount on the basis of one Paramount share for every 3.75 Trilogy shares.
    REGIONS:
  • Canada
  • Western Canadian Sedimentary Basin

    • Date: 8/15/2017
    Type: Acquisition

    BUYERS:
  • Paramount Resources Ltd
    • SELLERS:
  • Apache Canada Ltd.
  • Apache Corporation
    • DETAILS:

    COST: 353.7 $MM

    VOLUMES: 42.196 MBOE/d

    ACRES: 560000 Acres

    NOTES:
    Apache has agreed to sell its Apache Canada Ltd. subsidiary to Paramount Resources Ltd. (TSX:POU). This includes properties located principally in the provinces of Alberta and British Columbia.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 3/6/2017
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    ACRES: 1984 Acres

    NOTES:
    Acquisition of 13 gross (3.2 net) sections of land in exchange for 5 million common shares of Blackbird stock.
    REGIONS:
  • Montney Formation

    • Date: 2/15/2017
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    COST: 2.61 $MM

    ACRES: 1792 Acres

    NOTES:
    Blackbird Energy will acquire 8 gross Montney sections (2.8 net) for total consideration of 5 million shares. Purchase price estimated based on Blackbird stock price upon closing of the deal.
    REGIONS:
  • Montney Formation

    • Date: 8/18/2016
    Type: Acquisition

    BUYERS:
  • Seven Generations Energy Ltd
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    COST: 2.1 $B

    VOLUMES: 30 MBOE/d

    ACRES: 198000 Acres

    REGIONS:
  • Montney Formation