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 > US natural gas production for the week ending Nov. 18

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Post by houbahopon Nov 28, 2020 5:33am

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Post# 31993926

US natural gas production for the week ending Nov. 18

According to EIA, 90.6 Bcf/d vs 95.4 Bcf/d same week last year.

5% production decline while rigs used has been down about 45% all year long AND with a 15% decline in oil production year over year.

There is absolutely no possibility of a NatGas sustained price increase if rigs efficiencies are following this trend.

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