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 > Trends in atmospheric methane abundance in past 40 years

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Comment by GoldStandard41on Apr 26, 2021 10:53am

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Post# 33066360

RE:RE:RE:RE:RE:RE:Trends in atmospheric methane abundance in past 40 years

What the Permian cowboys are doing is a crime against the planet. Venting is adding the most potent hydrocarbon GHG without any benefit of energy produced whatsoever. The perfect picture is that guy going into the cloud of methane without any protection at all. If I don't see it then it doesn't exist
Even in Canada how much verification and detection of leaks do we even have? Is anyone actively looking for them on a regular basis?

Yasch22 wrote: To be clear, I still agree that NG has a major role to play, but the main reasons it's not going into serious decline any time soon are

(a) alternative systems using renewable energy & tech simply can't grow fast enough to meet energy needs

(b) energy consumption is likely to increase steadily in the coming 40 years, making all the talk about a quick transition look naively optimistic

(c) NG is one of the quickest & easiest ways to halve the damage done by coal. That is, IF the venting is properly managed, from well-head to regulator.
-- Worth noting is that the chief culprits in this matter in North America are the Permian cowboys, the same fellas that scapegoated wind turbines during the Texas freeze-off when it was actually NG systems that got frozen.