Paramount Resources Ltd. is a Calgary-based energy company engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. The company holds a portfolio of upstream assets concentrated in the Montney and Duvernay formations of Western Canada, with a particular focus on liquids-rich gas plays in northeastern British Columbia and central Alberta. Through its integrated business model, Paramount combines drilling and completion activities with midstream operations, managing pipeline and processing facilities to optimize the value of its hydrocarbon production.
Since its founding in 1976, Paramount has grown from a modest exploration outfit into one of Canada’s leading independent energy producers. Strategic acquisitions and joint ventures have shaped its asset base, including landmark purchases in the Duvernay shale play and the development of high-impact Montney acreage. The company’s disciplined approach to drilling and capital allocation has supported a steady expansion of reserves and production volumes while maintaining a focus on cost efficiency and operational reliability.
In addition to upstream activities, Paramount owns and operates key midstream infrastructure, including over 450 kilometers of gathering pipelines and multiple gas processing facilities. These assets serve to unlock value by capturing natural gas liquids and providing critical takeaway capacity from its core producing regions. By leveraging proprietary processing plants and third-party logistics, the company enhances price realizations for its production and secures market access to domestic and export customers.
Paramount’s leadership team is headed by founder and Executive Chairman Kevin Lightbody, under whose guidance the company has pursued both organic growth and strategic partnerships. Supported by a board of directors with deep industry experience, management emphasizes safety, environmental stewardship and community engagement. Paramount Resources continues to execute its long-term plan of optimizing cash flow generation, advancing sustainable development practices and delivering value for shareholders through all phases of the commodity cycle.
AI Generated. May Contain Errors.
Free PRMRF Stock Alerts