The Kaybob Region includes the Kaybob North Duvernay development and other natural gas and oil producing properties. Paramount’s land holdings in the Kaybob Region include 109,000 net acres of Duvernay rights and 179,000 net acres of Montney rights. The Company also owns and operates extensive processing and gathering infrastructure in the region.

Sales volumes for the Kaybob Region averaged 21,371 Boe/d in the first quarter of 2025 (comprised of 39.7 MMcf/d of shale gas, 41.8 MMcf/d of conventional natural gas, 6,792 Bbl/d of NGLs and 1,000 Bbl/d of crude oil).