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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

Post by llerrad5on Jul 25, 2021 4:24pm
174 Views
Post# 33602336

Out Look for NGas NA Europe and Asia

Out Look for NGas NA Europe and AsiaUS natural gas futures extended gains to trade near $4 per million British thermal units, the highest since December 2018 on expectations of growing demand for air-conditioning amid forecasts for hotter than expected weather over the next two weeks. Natural gas futures have also been supported by strong demand for US exports of liquified natural gas as global gas continues to trade above US prices. Gas demand has been rising from China, Europe, Brazil, where droughts added to the competition by curtailing power output from hydroelectric dams, Canada and Pacific Northwest. Particularly in Europe, buyers on the continent have struggled to replenish tanks that are at the lowest for this time of year in a decade.
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