I really like to see this purchase...From Peyto's reserve report:
STRATEGIC ACQUISITIONS The Company made two acquisitions effective January 1, 2021, both directly adjacent to and contiguous with Peyto’s Greater Sundance core area, and both with infrastructure footprints that can be interconnected with Peyto’s gathering system and plant network. Neither acquisition was included in the December 31, 2020 reserve report.
The combined acquisition cost was $35 million and included 114 gross (106 net) producing wells with stable, ultra-low decline (less than 5%/yr) production of approximately 2,900 boe/d (95% gas). Also included are 54 gross sections of land (81% interest), in which the Company has internally identified over 100 future drilling prospects. The properties contain a combined 11.5 net inactive wells reflecting a low liability content and carrying an attractive Alberta LMR above 3.