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 > New monthly report with 2 notable

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Comment by DeanEdmontonon Apr 04, 2024 8:03am

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Post# 35969824

RE:New monthly report with 2 notable

I like Peyto's regualr monthly updates but the new guy is really bland. Not nearly as interesting a read as they used to be.

topdop wrote: statements:

1. "The deliverability of the wells along with the strong liquid yields (approximately 20-30 bbls/mmcf gas) make this zone an excellent target in times of low gas prices when oil prices are relatively high; and

2: "We won’t see as many new wells coming onstream over break-up and expect to enter the summer with a back log of wells to complete. This should serve to drive production up in the back half of the year."

Let's hope future projected flows outstrip declined and that Nat Gas pricing recovers by that time. Liquids, of course, are looking strong.