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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 sportstermathewon Feb 19, 2022 5:44pm
156 Views
Post# 34445437

RE:Drilling rigs?

RE:Drilling rigs?You can't get people, can't get supplies, can't get pipe, prices are going up like nuts.

One rig alone replaces most if not all of declining production so I doubt that they are missing out on anything.

Profduction per rig for ERH's is increasing, costs outside of inflation are good, new land purchased.

Improve what you have, keep things humming and slowly increase production.

Many firms have pushed to grow in the past only to have it bite them.

Also, if you grow production too fast the initial stages of decline increase overall decline rates which means you have to spin your wheels even more and if prices drop you are holding the bag.

Anything else?
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