The primary focus in the Grande Prairie Region is the Karr and Wapiti Montney properties, located southeast of Grande Prairie, Alberta, in the over-pressured, liquids-rich Deep Basin Montney trend.

Paramount’s primary focus in the Grande Prairie Region is its Karr and Wapiti Montney properties, located
south of the city of Grande Prairie, Alberta in the over-pressured, liquids-rich Deep Basin Montney trend.
The Company’s 185,000 net acres of land in the Grande Prairie Region include 101,000 net acres of
Montney rights at Karr and Wapiti as well as 88,000 net acres of Deep Basin Cretaceous rights that partially overlap the Montney rights.

Sales volumes for this Region averaged 64,434 Boe/d in the fourth quarter of 2022 (comprised of 188.4 MMcf/d of shale gas, 1.5 MMcf/d of conventional natural gas and 32,777 Bbl/d of NGLs.

Operations