Exploration & Production
Peyto Improves Cardium Drilling Time, Reduces Well Cost
Print
|
Peyto Exploration & Development Corp., is pleased to present its operating results for the second quarter of the 2012 fiscal year.
Exploration & Development
Peyto focused drilling efforts on the more liquids rich formations in the second quarter. Although all of the drilling was in the Greater Sundance core area, half of the new wells spud were targeting the Cardium formation. The most recent Greater Sundance Cardium wells have averaged 45 bbl/mmcf of natural gas liquid in their first month of production, with over 60% of that liquid production being condensate and pentanes while the remainder is split between propane and butane. This focused drilling has helped improve corporate liquid yields from 18 bbl/mmcf at the start of the year to 22 bbl/mmcf by the end of the second quarter.
Peyto'…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…