Paramount Resources Ltd. operates as an independent energy enterprise, specializing in the discovery, extraction, production, and commercialization of natural gas, crude oil, and natural gas liquids throughout Canada. The company's core assets are primarily located in the Montney and Duvernay plays within Alberta and British Columbia. Furthermore, it allocates capital to both publicly traded and privately held companies. Established in 1976, Paramount Resources Ltd. maintains its headquarters in Calgary, Canada.