Paramount Resources Targets Production Above 125,000 Boe/d by First Half of 2029

Bitget2026/11/05 11:18

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Paramount Resources is accelerating Alhambra’s third-phase expansion by about one year to Q3 2028, doubling planned gas-handling capacity to 100 MMcf/d.
Willesden Green’s targeted production plateau rises to 80,000 barrels of oil equivalent per day from 70,000, expected in 2029.
The $341 million Kaybob sale to Outwest Energy is expected to close in Q1 2027, leaving Paramount with approximately 49% ownership.
Capital spending is budgeted at $1.175 billion-$1.275 billion for 2027, with sales volumes of 46,000-50,000 barrels of oil equivalent per day.
Sales volumes excluding Kaybob are forecast to reach 100,000-110,000 barrels of oil equivalent per day in 2028, exceeding 125,000 by H1 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paramount Resources Ltd. published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Paramount Resources Targets Production Above 125,000 Boe/d by First Half of 2029

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