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 > gas rate from alberta utility triples in january?

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Comment by GregC24on Feb 21, 2024 1:18pm

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Post# 35891297

RE:RE:RE:gas rate from alberta utility triples in january?

perplexed01 wrote: thanks Q! lots of good info on this website. doesnt explain why but does confirm there was a 600% price spike in gas rates from ~$2 to ~$14/GJ in mid-jan. anyway very helpful!

That are the dates of the deep freeze when everywhere out west (US and Canada) was in a severe need of gas. Even though lots in storage only so much can be moved in a short period of time. Price goes up in a short time frame.

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