CALGARY, AB, March 5, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its 2024 annual financial and operating results. 

RECENT EVENTS

On January 31, 2025, Paramount closed the sale of its Karr, Wapiti and Zama properties to a wholly-owned subsidiary of Ovintiv Inc. ("Ovintiv") for cash proceeds of approximately $3.3 billion, after adjustments, plus certain Horn River Basin properties of Ovintiv (the "Grande Prairie Disposition").The Company used a portion of the proceeds of the Grande Prairie Disposition to pay a special cash distribution (the "Special Distribution") of $15.00 per class A common share ("Common Share") to shareholders on February 14, 2025 comprised of a return of capital of $12.00 per Common Share and a special dividend of $3.00 per Common Share.Paramount repurchased a total of 5.7 million Common Shares under its normal course issuer bid between late-November 2024 and early-February 2025 at a total cost of $177 million.

CALGARY, AB, Jan. 31, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce:

the closing of its previously announced asset disposition to Ovintiv Inc. (the "Transaction");the declaration of a special cash distribution of $15.00 per class A common share ("Common Share");the entering into of an amended $500 million four-year financial covenant-based revolving bank credit facility;estimated fourth quarter sales volumes and annual 2024 capital expenditures;additional details concerning its 2025 development plans;recent liquids hedging activity; anda revised monthly dividend of $0.05 per Common Share beginning in February.

CALGARY, AB, Jan. 29, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that the holders (the "Shareholders") of its class A common shares (the "Common Shares") have today approved a special resolution authorizing a reduction in the stated capital of the Common Shares to enable the Company to make a return of capital in cash to the Shareholders.  The special resolution was approved by the holders of 112,331,957 Common Shares, representing 97.29% of the 115,462,624 votes cast. 

CALGARY, AB, Jan. 2, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on January 31, 2025 to shareholders of record on January 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. 

ABOUT PARAMOUNT

Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company's principal properties are located in Alberta and British Columbia. Paramount's class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".

CALGARY, AB, Dec. 18, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its plans, subject to shareholder approval, for a $15.00 per share special distribution to the holders (the "Shareholders") of its class A common shares (the "Common Shares") following the closing of its previously announced asset disposition to Ovintiv Inc. (the "Transaction").  The Company is also pleased to announce its expected post-Transaction monthly dividend policy and 2025 capital expenditure and production guidance.

CALGARY, AB, Dec. 2, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on December 31, 2024 to shareholders of record on December 16, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes.

ABOUT PARAMOUNT

Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company's principal properties are located in Alberta and British Columbia. Paramount's class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".

CALGARY, AB, Nov. 7, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its third quarter 2024 financial and operating results.

HIGHLIGHTS

Third quarter sales volumes averaged 94,892 Boe/d (48% liquids). (1) Grande Prairie Region sales volumes averaged 67,635 Boe/d (50% liquids).  The planned turnaround at the Wapiti natural gas processing plant (the "Wapiti Plant") and related full Wapiti production outage commenced in mid-September, five days earlier than expected.  Prior to the turnaround, Wapiti sales volumes reached over 35,000 Boe/d as two new Montney pads were brought on production.Kaybob Region sales volumes averaged 20,894 Boe/d (41% liquids).Central Alberta and Other Region sales volumes averaged 6,363 Boe/d (53% liquids).5,600 Boe/d of dry natural gas production was shut-in for the quarter due to low natural gas prices.Cash from operating activities was $206 million ($1.40 per basic share) in the third quarter.  Adjusted funds flow was $201 million ($1.37 per basic share).  Free cash flow was ($26) million (($0.18) per basic share). (2)Third quarter capital expenditures totaled $217 million. Significant activities included:Grande Prairie Region (Montney) – eight (8.0 net) wells drilled, nineteen (19.0 net) wells brought on production and the successful completion of the new compressor node at Wapiti that was brought onstream in the third quarter, which will support development of the western portion of the field;Kaybob Region (Duvernay) – three (3.0 net) wells drilled; and

CALGARY, AB, Oct. 1, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on October 31, 2024 to shareholders of record on October 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. 

ABOUT PARAMOUNT

Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company's principal properties are located in Alberta and British Columbia. Paramount's class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".

CALGARY, AB, Sept. 3, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on September 27, 2024 to shareholders of record on September 16, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. 

Consistent with its strategy of identifying new opportunities at an early stage and capturing large holdings at a low cost, Paramount has confidentially acquired over a multi-year period approximately 167 sections of wholly-owned Montney rights in the Sinclair area of Alberta at a total cost of approximately $51 million. The Sinclair lands, which are detailed in the included map, are prospective for high-rate gas production from the Montney formation.