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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 wreckhouseon Nov 19, 2024 10:27pm
73 Views
Post# 36320936

N/GAS

N/GASGE Vernova is planning a 465 MW gas-fired power plant in Alberta with carbon capture technology. The Moraine Power Generation Project, located near Whitecourt, aims to provide baseload power and valuable insights into carbon capture utilization and storage (CCUS). However, the project faces challenges, including the need for regulatory approvals, carbon revenue certainty, and government incentives. While initially slated to begin construction in 2025, the timeline has been delayed, highlighting the difficulties of advancing large-scale carbon capture initiatives in Alberta.

Whitecourt is just east from Peers.  BCRNW  
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