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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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).


TSX:PEY - Post by User

Comment by ceremonyon Mar 13, 2018 3:32pm
27 Views
Post# 27708689

RE:RE:RE:RE:RE:A lot of Alberta companies complaining abt NGTL/TransCanada

RE:RE:RE:RE:RE:A lot of Alberta companies complaining abt NGTL/TransCanadawhat informs your statment that there are many more complaintants than the ones quoted?

the 3 that are quoted have one thing in common. they have ZERO BC presence. They are 100% focused on Alberta. They complain that increasing amounts of BC gas is coming onto the NGTL and crowding out their gas.

Now you seem to know of other complaintants. Can you source that and can you provide a list?

Yasch22 wrote: By "main complainants" I suppose you mean "quoted complainants." There are many more. The interesting thing about the article is that the complaints were aimed at the new system in place, and came not just from Peyto (the orphan) but from two producers who are actually part of the Empress-Dawn long-term agreement.

The bigger issue -- my original point -- is that gas that could be supplied from Western Canada through a pipeline regulated by Canadian authorities is instead being supplied by the USA. The  set of notes quoted from the NEB in my last post all show export points in Ontario that have become import points, or show that TransCANADA has been making firm deals with American companies to expand its importing infrastructure.

20% of egress from the WCSB is via the Mainline heading east. Total capacity of the Mainline from Empress to Manitoba alone is well above 5 bcf/d. Presently, less than 3 bcf/d is being sent.

Capacity from Manitoba to North Bay (first point of the Eastern Triangle) is at least 3 bcf/d. Presently, somewhere between 1 and 1.5 bcf/d is shipped over the Northern Ontario Line (Station 41 in Manitoba to North Bay). The markets east of North Bay are being supplied more and more by gas from the USA. 

The value of the Mainline for WCSB producers would be increased if capacity was fully utilized. For this to happen, the top leg of the Eastern Triangle -- from North Bay to Ottawa and Montreal -- would need to be fully utilized. The same goes for the leg heading south to Toronto, to Vaughn.


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