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CALGARY, AB, Nov. 2, 2023 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) ( TSX: POU ) is pleased to announce its third quarter 2023 financial and operating results, which included record production, and an expansion of its Montney acreage in the Grande Prairie Region. The Company is also pleased to announce its 2024 capital expenditure budget and guidance and five-year outlook. HIGHLIGHTS Third quarter sales volumes averaged 98,644 Boe/d (45% liquids), a quarterly record. (1) Grande Prairie Region sales volumes averaged a record 74,381 Boe/d (50% liquids) despite approximately 5,400 Boe/d in unplanned outages and curtailments associated with third-party midstream facilities. Kaybob Region sales volumes increased to 17,027 Boe/d (32% liquids) due to the recovery from the Alberta wildfires. The Company successfully completed the planned turnaround at its Kaybob 8-9 natural gas processing plant in September, which shut-in the majority of Kaybob Region production for approximately three weeks. Central Alberta and Other Region sales volumes averaged 7,236 Boe/d (30% liquids). Paramount has expanded its core Montney land position in the Grande Prairie Region through the addition of 10 net sections of new land at Karr and Wapiti. The Company has also disclosed the location of a further […]
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