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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.


TSX:PEY - Post by User

Comment by Sskcdn89on Apr 04, 2020 5:47pm
150 Views
Post# 30879590

RE:The new race to reduce NGLs

RE:The new race to reduce NGLsLooking at the President's report. I'd say you're correct with #4. They are starting the process to focus on gassy drilling. Production in Brazeau was up to 13k boe/d for March from 11k boe/d. If they can keep their production at between 75k boe/d and 80k boe/d, reduce NGLs by 50%. Brazeau production would need be between 20k boe/d and 25k boe/d. They can then take advantage of the higher AECO gas price this summer. Capex would also go down and they'd be in good position to heading into to Winter 20/21 when gas prices are expected to rise.
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