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Paramount Touts First 'High Intensity' Montney Completion in Q2; Talks Duvernay Ops
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Paramount Resources reported its Q2 2018 results.
Highlights:Q2 production averaged 86,741 Boe/d in the second quarter of 2018 (down -6% from 1Q18)
Liquids sales volumes averaged 31,057 Bbl/d and constituted 77% of total revenue. The Karr development averaged 54 percent liquids for the quarter and generated 55 percent of Paramount’s total netback First High Intensity Montney CompletionParamount executed its first high-intensity well completion in the Lower Montney zone at Karr and the well was flow tested in July.
Preliminary results from this well are encouraging and the Company is in the process of quantifying the number of Lower Montney locations on its Karr lands (none currently recognized).
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