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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 sportstermathewon Feb 18, 2021 8:43am
143 Views
Post# 32593786

RE:Cecilia will supply 25% of Cascade feed in 2023

RE:Cecilia will supply 25% of Cascade feed in 2023New Presentation too, not sure which pages have been updated, I would assume several taking into consideration the reserve report.

Next years should be fantastic.

Great news all around on the purchase and little expense unlike a takeover of a small company and huge amount of old wells to fix up.  They just keep picking up in that area over and over, even if an area was drilled for one zone there are many more zones and new tech allows for even better drilling.

PEYTO HAS THE PLAN 

all they needed was a help from pricing and egress.


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