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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Post by nukesteron Dec 29, 2022 5:23pm
348 Views
Post# 35196094

EIA update I missed back in September

EIA update I missed back in Septemberhttps://www.eia.gov/todayinenergy/detail.php?id=53719

While many nat gas investors were busy positioning for the eventual (then delayed) re-opening of Freeport LNG terminal in the United States.  Calcasieu Pass brought on the last remaining 1/3 (approx)  of LNG production. In other words Calcasieu Pass replaced about 1/3 of Freeport's missing production.

Not exactly earth shattering info, but Interesting to those who may have missed it, Me :-)

Looking forward to 2025 , another 5.7 Bcf/d of clean, affordable, and family friendly U.S. LNG will be warming the hearts and minds of investors / consumers across the globe :-)
I figure Canada has a fair shot at back filling a fair amount of the nat gas consumed  by the increased U.S. LNG exports.  

With LNG Canada initial production coming online in a year or so, https://www.lngcanada.ca/news/lng-canada-project-update-fall-2022/
and the added U.S. LNG exports,  seems like brighter days ahead for Peyto.
 

Happy New Years,
Nukester


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