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 124,000 net acres of Duvernay rights and, after the February 2024 sale of certain non-core properties, 190,000 net acres of Montney rights.

Sales volumes for the Kaybob Region averaged 23,946 Boe/d in the second quarter of 2024 (comprised of 35.8 MMcf/d of shale gas, 48.8 MMcf/d of conventional natural gas, 8,216 Bbl/d of NGLs and 1,624 Bbl/d of crude oil).