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Paramount's Production Skyrockets Over 700% in Q4 2017; 95.4 MBOEPD
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Paramount reported its 2017 results and highlights.
Highlights:Paramount exited 2017 with fourth quarter sales volumes averaging 95,412 Boe/d compared to sales volumes of 11,901 Boe/d in the fourth quarter of 2016 (up over +700% YOY).
Full year sales volumes averaged 44,970 Boe/d in 2017.
Drilling Activity:Grand Prairie Montney:
In the Grande Prairie region, 26 new wells from the 2016/2017 Karr capital program averaged 1,970 Boe/d (59 percent liquids) over their initial 30-day peak production periods. Grande Prairie sales volumes averaged 31,791 Boe/d in the fourth quarter of 2017.Kaybob Duvernay:
In the Kaybob region, six (3.1 net) new Duvernay wells completed with higher intensity fracs averaged 1,346 Boe/d (47 percent liquids) per-well over their initial 90-day production…- ✓ Full news archive — U.S., Canada & international coverage
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