Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

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Peyto Exploration & Development Corp

Bullboard Posts

Post by ElJon Jul 05, 2011 12:18am

441 Views

Post# 18795089

The Q2 Production Numbers are excellent

We have had the April 2011 (34.6k boe/d) and the May 2011 (34.2k boe/d) numbers since early June, but even with that background, considering the difficult wet conditions in much of Western Canada, I was a little surprised at the strength of the latest Peyto estimate of June 2011 production (35.0k boe/d) based on field data....... Q2. 2011 production performance has been excellent (34.5k boe/d now estimated) when compared to 22.3k boe/d recorded in Q2, 2010,

Peace,
Good Decision-making to All,
ElJ

Bullboard Posts

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