Yasch22 wrote: Great to see JP take up the baton, though he's clearly decided to run a shorter leg than Darren usually did. JP follows the same, more compact and less colourful format used by Petrus and Gear, the other two companies in the Don Gray sphere of influence.
Production = 106K boe/d in December.
Exit production was 108, not 110 as hoped, due to cold weather + early holiday shutdown.
As far as I can tell, there's a thin silver lining in lower production costs.
Also, Peyto cut back from 5 drills to 4 in Q4, and will stay at 4 until summer, when drill rigs come cheaper.
Capex for October + November = $89m. I'm predicting $42m for December.
Q4 Total = ~$131. FY 2022 = ~$445m.
Q4 will show very good results for Peyto.
Monthly average HH price was ~$6 USD/mmbtu.
Montly average AECO (etc.) was roughly $4.30 in December.
https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices Peyto has a fairly healthy toggle going on with its hedge book in Q4, where hedged prices are generally higher than they were in Q2 & Q3, and where the amount hedged is slightly lower.
For NGL, Peyto hedged 3,600 bbl/d WTI swaps @ $98.08 CDN/bbl.
See page 50 of the November 25 presentation. That's 3,600 bbl/d out of a total of 12,600 bbl/d of NGL production (12% of 105K boe/d).