Paramount Resources Ltd (Paramount Resources) is an energy company that carries out the exploration, production, development and marketing of oil and natural gas products. The company's product offerings include crude oil, fuel oil, natural gas and natural gas liquids among others. It operates in strategic investments, principal properties and corporate investments. Paramount Resources processes and transports crude oil, natural gas and natural gas liquids and holds securities of public and private entities. The company operates in three regions which include the Grande Prairie region, the Kaybob region, the Central Alberta region and the Northern region. Paramount Resources is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
Suite 4700, 888 3rd Street S.W., Calgary, Alberta, T2P4K9
Website
www.paramountres.com
Telephone
+1 403 2903600
No of Employees
441
Industry
Energy and Utilities
Ticker Symbol & Exchange
POU (TSE)
Revenue (2023)
$1.7B
-17.8%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-30.9%
(2023 vs 2022)
Market Cap*
$3.0B
Net Profit Margin (2023)
XYZ
-16.0%
(2023 vs 2022)
* As of and is in US$
Paramount Resources Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Natural Gas |
| Crude Oil |
| Fuel Oil |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company formed a joint venture with Woodside in the Liard Basin in Canada. |
| 2022 | Contracts/Agreements | In December, the company agreed to sell certain additional Kaybob Duvernay assets to Crescent Point Energy Corp. |
| 2022 | Asset Purchase | In August, the company acquired Duvernay oil and gas acreage in Alberta, Canada for US$53.5 million. |
Competitor Comparison
| Key Parameters | Paramount Resources Ltd | Crescent Point Energy Corp | NuVista Energy Ltd | Birchcliff Energy Ltd | PrairieSky Royalty Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Calgary | Calgary | Calgary | Calgary | Calgary |
| State/Province | Alberta | Alberta | Alberta | Alberta | Alberta |
| No. of Employees | 441 | 777 | 97 | 219 | 65 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James Riddell | Chairman; President; Chief Executive Officer | Executive Board | 2018 | - |
| Paul R Kinvig | Chief Financial Officer | Senior Management | 2020 | - |
| Bernard Lee | Executive Vice President - Finance | Senior Management | - | - |
| Michael Han | Vice President - Information Services and Corporate Services | Senior Management | - | - |
| Garth Stotts | Vice President - Development and Reserves | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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