The following information was generated using Enerlead Data and AI. The goal is to prioritize high value oil & gas plays and use AI to predict future development plans.
Paramount Resources Ltd. has significant operations in the Elmworth field, which ranks as one of the company’s most active field with 108 combined records across well, facility, and pipeline data. In 2024 alone, there were 18 well records for Elmworth, highlighting continued activity and investment in this strategic area. The field’s prominence in Paramount’s portfolio reflects its importance to their overall production and infrastructure development.
Notably, in 2024, Paramount Resources Ltd. utilized Ensign rigs for its operations in Elmworth. The specific rig details are as follows:
- Ensign Rig 860 for Licence Numbers: 510093, 510095, 510094, and 510096.
- Ensign Rig 879 for Licence Number: 512227.
Additionally, several facility license amendments were made in the Elmworth field. The facility types involved are:
- 14-17-070-08W6 – Gas battery – multiwell
- 09-03-068-06W6 – Compressor station
- 14-19-066-04W6 – Injection/disposal facility – water
- 15-19-066-04W6 – Compressor station
- 13-19-068-06W6 – Gas battery – single well
For wells licensed in 2023 in the Elmworth field, 84.44% of the records have a value in the “Activity Date” field, indicating a high level of operational tracking and recorded activity. Furthermore, there is an 88% chance that wells in the Elmworth field will be drilled on well pads with more than 4 wells, reflecting Paramount’s strategic focus on larger-scale, multi-well drilling operations.
Following their acquisition of additional Deep Basin assets, which include the Elmworth field, Paramount’s production strategy has been strengthened by their focus on liquids-rich natural gas, particularly in the Montney formation. This strategic emphasis is likely to drive future well and facility expansions in Elmworth as the company continues to optimize production.
Prediction for Elmworth:
Given Paramount’s ongoing investments and operational focus on Elmworth, it is likely that they will continue to increase drilling activity in this area. The high percentage of wells with recorded activity, the frequent use of larger well pads, and the deployment of modern rigs like Ensign suggest that the Elmworth field will remain a crucial asset for the company. Over the next several years, we can expect further optimization of production through additional well development, infrastructure enhancements, and facility expansions to support growing output.
