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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 > New lands postion
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Comment by MikeySwooshon Nov 04, 2022 4:12pm
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Post# 35074345

RE:RE:New lands postion

RE:RE:New lands postion
Yasch22 wrote: Sportster, do you think the recent purchase of ~100 sections cost $26m?
That would mean $260,000 per section, or ~$1000 per hectare.

I still think Peyto bought more than land with the $26m. Remember how they delayed the announcements + full details for both Cecilia and Aurora "bolt-ons"?


https://www.peyto.com/Files/Presentations/2022/CorpPresSep2022.pdf

Page 27 from the September 13th presentation, and in subsequent updates...

Property acquisition: 

- $26 million, effective Jul 2022, close Sep 2022

- 50 Gross (42.0 Net) sections of land (Belly River, Cardium, Spirit River rights) with up to 40      internally identified wells

- 650 boe/d at Jul 2022 from 12G/12N wells
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