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 > Comments & questions about the hedging

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Comment by houbahopon May 03, 2022 6:01am

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Post# 34650207

RE:RE:RE:RE:Comments & questions about the hedging

Peyto's royalty rate went from 7.5% in 21'Q3 to 8.9% in 21' Q4.

Using AAV " Royalty expense for the three months ended March 31, 2022, increased by $11.2 million or 220%" (and this is from 21'Q1 to 22Q1), Peyto's 22'Q1 royalty should be in the vicinities of $45m giving an approximative rate of 12.5%.

That would climb to above 18% in Q2 if commodities prices stay at current level.

At AECO price of $6.50/Gj, it represent over $1.15 of royalty per GJ.

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