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 > Hedges

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Comment by houbahopon Jun 04, 2021 5:03am

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Post# 33328067

RE:RE:RE:RE:RE:RE:RE:RE:Hedges

Good morning Yasch,

I took the time to go through the various Corporate Presentations. Oddly, there is no Gas Marketing Table in the last one.

In your first paragraph:

"...Peyto paid $1.40 USD/mmbtu to ship 257,500 mmbtu/d.
Peyto sold 20K mmbtu/d at $0.89/mmbut. Ultimate price received was $1.27/mcf CAD...."

The $0.89usd/mmBtu is probably net of the $1.40usd/mmBtu transport meaning they forward sold at $2.29usd/mmBtu to Henry Hub and there is $0.89usd/mmBtu left after transport..

Does that make sense?

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