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 > Under News Release May 11th

<< Previous

Bullboard Posts

Next >>

Post by sportstermathewon May 12, 2022 7:43pm

288 Views

Post# 34679896

Under News Release May 11th

I assume these are farm-in agreements?

For how long? forever? temporary? then they buy them out?

Activity Update Peyto has remained active since the end of the quarter with 5 rigs running which has resulted in 11 wells drilled (62% WI), 13 completed (73% WI) and 9 wells (75% WI) brought onstream. In addition, 8 wells (75% WI) remain drilled but not yet tied in.

Usually everything Peyto does is almost 100% WI.

thoughts?

<< Previous

Bullboard Posts

Next >>

5 steps to mastering risk management in the stock market