22:48:20 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Paramount Resources Ltd (2)
Symbol POU
Shares Issued 143,398,240
Close 2023-05-09 C$ 31.18
Market Cap C$ 4,471,157,123
Recent Sedar Documents

FP/wire say wildfires affecting Crescent Point, others

2023-05-09 09:37 ET - In the News

See In the News (C-CPG) Crescent Point Energy Corp

The Financial Post reports in its Tuesday, May 9, edition that wildfires burning across Alberta have prompted the evacuation of almost 30,000 residents and the shutdown of oil and natural gas wells and pipeline systems. A Bloomberg dispatch to the Post reports that a total of 109 blazes were burning as of late May 7, 30 of which were classified as out of control, and a provincial state of emergency has been declared. Evacuation orders have been issued for communities, including some less than 100 kilometres west of Edmonton. The fires are affecting energy production in the region, which accounts for most of Canada's hydrocarbon exports. Crescent Point Energy has shut in 45,000 barrels a day of production in the Kaybob Duvernay region, though the company said it has seen no damage to its assets. Vermilion Energy temporarily shut 30,000 barrels a day of production. "Our assessment to date indicates minimal damage to our key infrastructure," the Calgary-based company said in a statement. Paramount Resources has shut about 50,000 barrels of oil equivalent a day of production as of May 5 as a precaution and because of disruptions to third party infrastructure, the company said on May 7.

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