Operator · Cardium Shale
Peyto Exploration & Development Corp
20 articles mentioning Peyto Exploration & Development Corp
Peyto Targets 70–80 Net Wells in 2026 on a $450–$500MM Capital Program
eyto’s preliminary 2026 development program is set at $450–$500 million, matching its 2025 capital budget of $450–$500 million. The 2026 plan is designed to be flexible, with the company expecting to start the year with five...
Peyto Exploration Second Quarter 2022 Results
Peyto Exploration & Development Corp. reported its operating and financial results for the second quarter of the 2022 fiscal year. Highlights for the quarter included: Funds from operations5 per share up 142%. Generated record $206 million...
Peyto Exploration First Quarter 2021 Results
Peyto Exploration & Development Corp. reported its Q1 2021 results. Highlights: Production per share up 12%. First quarter 2021 production of 88,070 boe/d, comprised of 456 MMcf/d of natural gas, 7,018 bbl/d of Condensate and Pentanes,...
Peyto Exploration First Quarter 2020 Results
Peyto Exploration & Development Corp. reported its Q1 2020 results. Highlights for the quarter included: Funds from operations of $0.33/share. Generated $55 million in Funds from operations (“FFO”) in Q1 2020, down from $103 million in...
Peyto Talks 2020 Budget, Plans; Reports Q3 Results
Peyto Exploration & Development Corp. reported its Q3 2019 results as well as its preliminary 2020 plans. 2020 Budget The recent strength in, and significantly improved outlook for, AECO natural gas prices, combined with the success...
Peyto Talks Q2 Drilling, Ops; Focuses on Cardium Growth
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,...
Peyto Details Q1 Results, Financials
Peyto Exploration & Development Corp. reported its operating and financial results for the first quarter of the 2019 fiscal year. A 68% Operating Margin(1) and a 16% Profit Margin(2) in the quarter delivered a 6% return...
Peyto Focuses on Shallow Cardium Ops in Q2; Talks Production
Peyto Exploration & Development reported its Q2 2018 results. Highlights: Production per share down 6%. Second quarter 2018 production of 549 MMcfe/d (91,547 boe/d) was down 6% from Q2 2017. Peyto deliberately deferred 15 MMcf/d of...
Deep Basin Operator Cuts 2018 CapEx By 50%; Switch To Liquids Rich Drilling
Peyto Exploration is cutting its preliminary capital budget announced Nov 8, 2017, ranging from $300-$450 million to $200 to $250 million. The company is now shifting its focus to the liquids rich locations found within the...
PEYTO Drills 44 Wells in Q3; Plans Capex of $450MM in 2018
PEYTO released its Q3 results and discussed preliminary plans for 2018. Highlights include: In Q3, capital expenditures were $135 million. Drilled 44 gross (42.5 net) wells, completed 37 gross (35 net) wells, and brought on production...
Peyto Deep Basin Well Results Drive Production Growth 11% YOY
Peyto reported its Q2 2017 results. Highlights include: Second quarter 2017 production of 585 MMcfe/d (97,531 boe/d) was up 11% from Q2 2016 Spent $98 million drilling a total of 25 gross wells (24 net) in...
Peyto Maintains 8 Rigs, 4 in Sundance Through Breakup
Peyto has reported a 2017 operational update and 2016 review. Rigs Peyto began 2017 with 9 drilling rigs active, 4 in the Brazeau area and 5 in the greater Sundance area. Their startup in January after...
Eight (8) Canada E&Ps; to Drill 500 Wells in 2017
So far in 2016, 8 major drillers in the Montney Shale have announced expanded drilling programs for 2017.
Peyto Exploration Lowers Well Cost, Increases Rig Productivity
The previous 2015 capital budget between $575 and $625 million remains the same.
Peyto Repaying Debt with Offering
Net proceeds from the offering will initially be used to partially repay outstanding bank indebtedness.
Peyto Looking to Add Cheap Drilling Inventory
Looks to opportunistically add to this inventory at a time when prices and competition are expected to be reduced.
Peyto Adding 130 Wells in 2015
Peyto's 2015 capital plans are to drill up to 130 (net) horizontal wells.
Peyto Increases Budget, Raises Guidance
The Board of Directors of Peyto has approved an increased 2014 capital budget of $690 million.
Peyto Drills 31 Wells Through Spring Break Up
Peyto spent $68.5 mm to drill 31 gross (28.2 net) hz wells and $48.0 million to complete 30 gross (28.0 net) wells.
Peyto Improves Cardium Drilling Time, Reduces Well Cost
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...