Top 8 Mid-Size Exploration & Production Companies in Canada in 2021 by Reserves

Paramount Resources Ltd, Vermilion Energy Inc, Baytex Energy Corp, Crew Energy Inc, and Enerplus Corp are the top 5 mid-size exploration & production companies in Canada in 2021 by reserves. Collectively, the top 8 mid-size exploration & production companies in Canada had reserves of 1,394 MMboe where Paramount Resources Ltd was the highest (281 MMboe) followed by Vermilion Energy Inc (256 MMboe) and Baytex Energy Corp (222 MMboe), while Frontera Energy Corp stood lowest (102 MMboe). The top 8 companies employed a total of 3,006 people in 2021. Canada-based Paramount Resources Ltd is the leading mid-size exploration & production company in the world by reserves. The company reported revenues of $851 million for the fiscal year ended December 2021 (FY2021) an increase of 76.6% over FY2020. It is an energy company that carries out the exploration, production, development, and marketing of oil and gas products. The company had reserves of 281 MMboe for the year 2021. The company operates in three regions which include the Grande Prairie region, the Kaybob region, the Central Alberta region, and the Northern region, with 410 people employed in 2021. Canada-based Vermilion Energy Inc is the leading mid-size exploration & production company in Canada by reserves. The company reported revenues of $1,628 million for the fiscal year ended December 2021 (FY2021), an increase of 78.9% over FY2020. Vermilion holds oil and gas production operating interest in Aquitaine Basin in France and Canadian assets are located in Alberta. The company holds working interests in onshore and offshore concessions in the northern and southwestern parts of the Netherlands. It operates an offshore oil field on Australia's northwest shelf. Vermilion is headquartered in Calgary, Alberta, Canada. Vermilion employed a total of 716 people in 2021.