Quarterly / Earnings Reports | Second Quarter (2Q) Update
Peyto Talks Q2 Drilling, Ops; Focuses on Cardium Growth
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Peyto Exploration & Development Corp. detailed its Q2 2019 results.
Highlights included: Wells Activity : A total of 8 gross wells (6 net) were drilled in the second quarter, 9 gross wells (9 net) were completed, and 6 gross wells (6 net) were brought on production.was focused exclusively on the Company’s liquids-rich Cardium play with 6 wells drilled in the Wildhay area, one in the Sundance area and one in Brazeau Condensate and C5+ production doubled. Condensate and Pentanes production increased from 3,234 bbl/d in Q2 2018 to 6,420 bbl/d in Q2 2019 contributing to total liquid production of 11,110 bbl/d. NGL yields of 26 bbl/mmcf in Q2 2019, were up from 19 bbl/mmcf, due to the continued focus on Peyto’s liquids rich Cardium play. Total liquids production in Q2 2019 was up 20% year…- ✓ Full news archive — U.S., Canada & international coverage
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