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

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Post by raggetyjackon Dec 13, 2012 11:15am

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Post# 20724974

Waskahigan Duvernay

Peyto acquired sections of Montney oil at Waskahigan from Open Range deal. They also go a good number of Duvernay targets at Waskahigan in this deal also. I'm expecting them to begin to drill out this in the near future.

Come on Mr. Winter and draw down storage numbers to get NG prices moving up over $4 at which point Peyto wil begin to really rake in the cash with rosy outlook on production by year end 2013.

CELTIC WAHIGAN 14-1-63-22
PRODUCTION - OUT (C)

Well ID: 00/14-01-063-22W5/0
Fluid: GAS
Licensee: CELTIC EXPLORATION LTD.
License Date: 11-Dec-2012
Projected Depth: 4,890.0 m
Field: WASKAHIGAN
Terminating Zone: DUVERNAY FM