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 lands in the Grande Prairie Region include 109,000 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 74,381 Boe/d in the third quarter of 2023 (comprised of 222.8 MMcf/d of shale gas, 0.4 MMcf/d of conventional natural gas, 36,960 Bbl/d of NGLs and 220 Bbl/d of crude oil.