Properties

Paramount Energy Trust's ('PET' or the 'Trust') assets are focused geographically in northeast and east central Alberta and technically with shallow natural gas comprising 99 percent of production volumes and 98 percent reserves. The vast majority of PET's properties feature well established, high working interest production and most are operated by PET.  The Trust's production profile is predictable due to the lengthy production histories and the diversification PET's asset base.  The large number of wells and facilities means that unexpected downtime at any single site does not have a material impace on overall production.  Lower than average operating costs and access to markets proximal to the producing properties combine to deliver high field netbacks.  PET has an extensive inventory of low cost opportunities for value creation which extends throughout the asset base and the Trust has a history of adding production through relatively modest capital expenditures to offset most of the annual natural declines.  Strategic infrastructure ownership throughout PET's asset base provides additional opportunities to add value through synergies and economies of scale.

Click on the core area name for more information about each area.

Current Average Production (Q1 2008) :
  183.8 MMcfe/d (30,633 BOE/D)

Reserves (December 31, 2007):
  P+P (58% Proved) 510 Bcf

P+P Reserves to Production Ratio (RLI) :
  7.6 Years