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Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.


TSX:POU - Post by User

Post by MyHoneyPoton Oct 03, 2023 5:04pm
219 Views
Post# 35667816

POU - August production reveals massive condensate rates

POU - August production reveals massive condensate rates
BOE REPORT LINK

With the public well data for August freshly released, we thought it was worthwhile to highlight three monster Duvernay wells drilled by Paramount Resources. These wells have condensate rates that are among the highest of anything we have seen out of the Duvernay in some time. These 3 wells were head and shoulders above the other top Duvernay wells in the month, and all will featured prominently in this month’s upcoming TOP WELL REPORT.

The three wells come from the Kaybob region northeast of Fox Creek and were all drilled off of the same pad. The three wells produced a combined 103,944 barrels of condensate in the month of August, for an average per well of 1,117 bbl/d plus associated gas.  Interestingly Paramount referenced this 4-13 pad in its August corporate presentation, where it refers to these three wells with the words: “initial production results significantly exceeding expectations”

 


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