Operational Updates
Paramount Resources Ltd. Provides Montney Operational Update
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Second quarter sales volumes in the Kaybob COU averaged 12,236 Boe/d. The Musreau Refrig Facility was successfully re-commissioned in March, with Paramount's working interest share of second quarter volumes processed averaging approximately 60 percent. To date, the majority of production routed through the facility has been from horizontal Falher and earlier multi-zone Cretaceous vertical wells in which Paramount has a 50 percent working interest.
Production within the Kaybob COU remains constrained by available processing capacity, pending completion of facilities expansions at Musreau and Smoky. Paramount is working to increase its working interest share of volumes produced through available capacity by bringing on higher working interest wells. One (1.0 net) Montney formation well was…
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