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Paramount Resources aims to double production by 2027, boosting cash flow with strong gas and oil prices.

Market News
10 Aug 2026
Seeking Alpha
View Source
Bullish
Paramount Resources aims to double production by 2027, boosting cash flow with strong gas and oil prices.

Paramount Resources plans to double its average production rate by the end of fiscal year 2027, driven by a large natural gas project and recent wells exceeding expectations. The company is considering accelerating the expansion of its Alhambra plant to 2028 to support this growth. Its return to dry gas production, along with flexibility in rich gas and oil, positions it well to adapt to changing industry conditions. Stronger-than-expected liquid prices and well performance are improving near-term cash flow and reducing borrowing needs during the rebuild phase.

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