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 > Noodling with the numbers, and FFO guesses

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Comment by Swooshon Apr 01, 2021 4:55am

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Post# 32920820

RE:RE:RE:Noodling with the numbers, and FFO guesses

Yasch22 wrote:
March 16, February 15, January 8. Total 39.

December 2, November 6, October 5. Total 13.

September 4, August 6, July 6. Total 16.

Yasch, it looks like you've included licensed wells in your summary. The report only suggests that 23 wells were drilled in Q1. I'm not sure what the average timeframe is from when a well gets licensed to when it's drilled, but with Peyto forecasting 80 wells being drilled in 2021, 39 in Q1 would certainly seem improbable.

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