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 houbahopon Nov 12, 2020 6:23am

863 Views

Post# 31883460

A first time in years

Darren Gee has thrown a realistic "next year" budge.
Yep first budget since 2015 they can fight for with no megalomania tag attach to it.
Bravo Darren!

At current comodities prices, a capex budget of $325m funded entirely from free cahflow is doable and would be a great achievement by the Peyto team. The resulting average production per day for 2021 would go back over 90 000 boe/d with 21'Q4 average around 95 000 boe/d.

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