RE:LNG Potential in 2H 2025...OK, why is it that my post doesn't show up? lol
I'll try again:
Peyto Exploration
3Q Webcast Transcript (LNG)
Our 4-rig program is designed to hold production flat more or less through the first half of 2025 and we believe this will be well timed with LNG start-up in the latter part of 2025 and allows us to assess future gas prices and adjusted plans accordingly. We'll firm up the capital budget in February with our reserve releases, which will also allow us to see how the winter shapes up and if there are any updates to on LNG timing.
So in closing, although there's some pressure on natural gas prices in the short-term, we've hedged our bets literally with close to $800 million of fixed revenue for next year. This, along with our cost discipline, will insulate us and allow us to execute our capital plan, pay dividends and pay down some debt in 2025.
We always believe we're in the right business with incredible build-out of LNG egress that's coming soon in North America and we should – that should benefit all markets. You combine that with potential increases from North American power demand, and that provides us with some great optimism in the future of the natural gas market.