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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).


TSX:PEY - Post by User

Peyto Exploration & Development Corp > Profitably Grows Reserves in 2021
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Comment by Burgersandfrieson Feb 16, 2022 10:55pm
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Post# 34436599

RE:Profitably Grows Reserves in 2021

RE:Profitably Grows Reserves in 2021 I'm a newby shareholder of peyto and just read the release and it states they will be adding 35-40k boe of production by year end 2022. Is this on to of current production or is replacing production and adding. I'm a little confused about the statement. If this is in addition to current numbers that's a crazy production increase. Thx for anyones insight.
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