Paramount Resources Ltd.
TypePublic
TSX: POU
IndustryConventional Oil & Natural Gas
Founded1976[1]
FounderClayton H. Riddell
Headquarters
Calgary, Alberta
,
Canada
Key people
Jim Riddell (President and CEO)
Bernie Lee (Executive Vice President)[2]
RevenueIncrease C$965.5 million[3]
Decrease C$-367.2 million[3]
Total assetsDecrease C$4.11 billion[3]
Total equityDecrease C$3.22 billion[3]
Number of employees
349[3]
Websitewww.paramountres.com

Paramount Resources Ltd. is a Canadian petroleum company, founded in 1976.[1] The company is involved in the exploration, development, production, processing, transportation and marketing of natural gas and its byproducts and crude oil. The company was founded by Clay Riddell.[4]

In addition to its own name, Paramount has several subsidiaries with names resembling those of Hollywood companies, including Fox Drilling, Summit Resources, and Pixar Petroleum. It also retains significant investment in MGM Energy, which it spun off in 2007.[5]

In 2017, Paramount acquired Apache Canada Ltd. for C$459.5 million and merged with Trilogy Energy Corp which itself was originally spun-off from Paramount.[6]

Paramount reported an output of 85,941 barrels of oil equivalent per day (BOE/D) in its 2018 annual report, published in March 2019.[3]

References

  1. 1 2 "About Us". Paramount Resources. Retrieved May 7, 2019.
  2. ↑ "Contact Us". Paramount Resources. Retrieved May 7, 2019.
  3. 1 2 3 4 5 6 "Annual Report 2018" (PDF). Paramount Resources. March 2019. Retrieved May 7, 2019.
  4. ↑ "The world's Billionairies: #1006 Clayton Riddell". Forbes. Retrieved December 4, 2015.
  5. ↑ Orden, Erica (December 2, 2011). "Walt Disney Stakes Claim After Oil Firm Adopts Famous Name". The Wall Street Journal. Retrieved December 4, 2011.
  6. ↑ Cryderman, Kelly (July 6, 2017). "Apache joins foreign exit from Canada's energy sector". The Globe and Mail. Archived from the original on December 22, 2019. Retrieved March 20, 2020.


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