View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 12, 2022

Grande Prairie (Paramount Resources Ltd.) AB Unconventional Gas Field, Canada

By Carmen

Grande Prairie (Paramount Resources Ltd.) AB is a producing unconventional gas field located onshore Canada and is operated by Paramount Resources.

Field participation details

The field is owned by Paramount Resources.


Production from Grande Prairie (Paramount Resources Ltd.) AB

The Grande Prairie (Paramount Resources Ltd.) AB unconventional gas field recovered 24.43% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 28.49 thousand bpd of crude oil and condensate, 139 Mmcfd of natural gas and 3.5 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 213.69 Mmboe, comprised of 109.77 Mmbbl of crude oil & condensate, 542.71 bcf of natural gas reserves and 13.47 Mmbbl of natural gas liquid reserves. Grande Prairie (Paramount Resources Ltd.) AB unconventional gas field reserves accounts 0.18% of total remaining reserves of producing unconventional gas fields globally.


About Paramount Resources

Paramount Resources Ltd (Paramount Resources) is an energy company that carries out the exploration, production, development, and marketing of oil and gas products. The company’s products offering includes crude oil, fuel oil, natural gas and natural gas liquids. It is involved in strategic investments, principal properties, and corporate investments. Paramount Resources processes and transports crude oil, natural gas and natural gas liquids and holds securities of public and private entities. The company operates in three regions which include Grande Prairie region, the Kaybob region, the Central Alberta region, and the Northern region. Paramount Resources is headquartered in Calgary, Alberta, Canada.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU