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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 Seppelton Apr 29, 2021 8:08am
91 Views
Post# 33089398

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

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

I was so alarmed by GoldStandard and felt so bad as a user of natural gas that I was about to scrap my furnace and hot water tank and call Enbridge to get rid of all gas pipes near the house. Lol.
But reading this article about LNG I quickly changed my mind.  https://www.canadianenergycentre.ca/new-us-lng-project-required-to-use-natural-gas-from-canada-to-lower-ghgs/

I am so proud of Canada and will stick to natural gas eventhough not sure if gas in Ontario comes from Alberta or Appalachia via recently built Nexus or Rover pipelines.

Note:
A life-cycle analysis of the project conducted in 2018 – including “upstream” GHG emissions from natural gas production – found Canada to have a lower footprint than the US. GHG emissions from natural gas production in the United States “may be as much as five times higher than those for Canada,” the report said.

The difference could be even greater, the PSCAA said, citing research that found fugitive methane emissions from natural gas production in the US could be 60 per cent higher than published figures. This could lead to upstream emissions that are eight times higher than natural gas produced in Canada, the regulator said.


 

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