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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 > Be there or be square
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Comment by Oldnaggeron Nov 29, 2022 3:33pm
177 Views
Post# 35137636

RE:RE:RE:RE:RE:Be there or be square

RE:RE:RE:RE:RE:Be there or be squareHere is the real reason, I believe in nat gas first and foremost.. That is the amount of energy storage required for seasonality. Currently , as we all know, upwards of 3000 BCF of nat gas must be stored to meet additional winter time demands. If my math is any where near correct , that is equal to 293 million  Tesla Megapacks (3 mwh )
That is for the USA alone, I believe the numbers would be similar for Europe and who knows for Asia, but probably also similar. So once again ,I am not an expert by any means. But as Mark Twain purportedly once said " my desth has been greatly exaggerated" perhaps he was referring to the nat gas industry !!
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