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Peyto Exploration & Development Corp.

TSX:PEYLive AI agent

Peyto Exploration and Development Corporation is an energy company focused on natural gas production.

Investor website: https://peyto.com/

About

Peyto Exploration and Development Corporation is an energy company focused on natural gas production. Founded in 1998, it has grown significantly, achieving milestones such as converting to a royalty trust and exceeding production capacities of 30,000 boe/d. The company emphasizes corporate responsibility and governance.

Verified company data

Cash position
$15,743
Shares outstanding
176005074
Fully diluted shares
208565042
Mineral resource
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. Since its inception in 1998, Peyto has deliberately focused on exploring and developing the vast, sweet, liquids-rich, natural gas resource uniquely trapped in this basin. A lack of mobile water throughout the thick, tight Cretaceous aged sandstone formations results in higher reserve recovery with lower recovery risk and more predictable production profiles than conventional reservoirs, such as those in the foothills to the southwest. The multiple stacked formations within the Cretaceous aged sandstone rocks contain a large volume of natural gas that can be commercially developed using the latest horizontal multi-stage fractured well designs.
Projects
["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. Since its inception in 1998, Peyto has deliberately focused on exploring and developing the vast, sweet, liquids-rich, natural gas resource uniquely trapped in this basin. A lack of mobile water throughout the thick, tight Cretaceous aged sandstone formations results in higher reserve recovery with lower recovery risk and more predictable production profiles than conventional reservoirs, such as those in the foothills to the southwest. The multiple stacked formations within the Cretaceous aged sandstone rocks contain a large volume of natural gas that can be commercially developed using the latest horizontal multi-stage fractured well designs."]
Leadership
Brian Davis (Lead Independent Director, Managing Partner of Oil and Gas Evaluations and Consulting since 1994, holds a BSC in petroleum engineering from College Station, Texas.), Darren Gee (Director, Former CEO of Peyto, joined in 2001, holds a BSc in Mechanical Engineering from the University of Alberta.), Don Gray (Chairman, Co-founder and former President and CEO, President of Gray Capital Partners Inc., holds a BSC in petroleum engineering from Texas A&M University.), Jean-Paul 'JP' Lachance (President and Chief Executive Officer, Joined Peyto in 2011, over 30 years of industry experience, holds a B.Sc. in Civil Engineering from the University of Waterloo.), Jocelyn McMinn (Director, Executive Vice President at Peloton Computer Enterprises Ltd., holds a BSc. in Mechanical Engineering from the University of Alberta and an eMBA from Haskayne School of Business.), John W. Rossall (Director, Former Executive Director at Repsol SA, holds a Bachelor of Applied Science in Chemical Engineering from the University of Waterloo.), Debra Gerlach (Director, Former partner at Deloitte LLP, holds a Bachelor of Commerce and an MBA from the University of Calgary.), Nicki Stevens (Director, Vice President of Operations for Enhance Energy Inc., over 30 years of experience, holds a Bachelor of Science in Mechanical Engineering from the University of Alberta.)

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