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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Comment by moric122on Mar 03, 2020 10:31pm

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Post# 30763697

RE:RE:RE:RE:RE:RE:RE:RE:All natural gas producers

Probably poor communication on my part. I am not saying that PEY shouldn't fix repairs and failures. Fixing repairs and failures as you point out tend to be great IRR projects. In addition to fixes / repairs that have good IRRs for operating reasons, we do live in a highly regulated environment in Canada that applies large cost to leaks / failures. Such that jusitifing pipeline maintaine (with no operating IRR) is sure easy to do compared to the $5 million worth of environmental work to clean up a spill.

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