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).

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Peyto Exploration & Development Corp > EIA update I missed back in September

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Comment by Quintessential1on Dec 31, 2022 2:52pm

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Post# 35198576

RE:RE:RE:RE:EIA update I missed back in September

Totally missed it and I am pretty sure you posted the link before. Thanks!

I did read a blurb that they are running in the commisioning stage still because as long as they do not enter the full commercial utulization phase they can charge spot prices for LNG instead of their much lower contracted prices that they are not required to fulfill until late 2023.

As long as they are sucking up NG demand it makes no difference to me what they are selling it for though I just thought it was funny.

Cheers, Happy New Year and GLTA

nukester wrote: Quint,

Your EIA update appears to be from April 2022.

In September 2022 EIA announced the following:
"The seventh, and most recent, U.S. LNG export project—Calcasieu Pass LNG—placed all of its liquefaction trains in service by August, ahead of schedule."

https://www.eia.gov/todayinenergy/detail.php?id=53719

I just noticed it myself the other day :-)

Cheers,
Nukester