RE:RE:RE:RE:New land for PEY at approx. $391/ac during Q2 They did complete the Montney well after a delay (easy to miss--see Nov. 2019 Peyto presentation)--it had the lowest IRR at the time of all of their well species (10%), but that was to be expected on a $7.5MM well on their first try. With the AECO price crash they couldn't afford to fine-tune their drilling+completion recipe, but now they can, with much greater potential reserves if/when successful.
Peyto specifically mentions AB Montney along with the Spirit River expiries that they can potentially pick up over the next 4 years (see p.30 of last 2 company presentations). I don't believe for a second that this detail is coincidental, since PEY hasn't mentioned the Montney for the previous 2 years. Their retired/rehired VP Scott Robinson is responsible for new projects, and I'll bet this one is being looked at once again for 2024 and after.