# Peyto Exploration & Development Corp. (TSX:PEY)

> Peyto Exploration and Development Corporation, founded in 1998 by Don Gray and Rick 'Buck' Braund, has a history of significant growth in the natural gas sector.

## About

Peyto Exploration and Development Corporation, founded in 1998 by Don Gray and Rick 'Buck' Braund, has a history of significant growth in the natural gas sector. The company transitioned to a royalty trust in 2003 and has consistently increased its production capacity and proven reserves over the years, reaching notable milestones such as exceeding 1 trillion cubic feet in proven and probable gas reserves by 2009.

## Key facts

- **Cash position:** $15,743
- **Shares outstanding:** 201896612
- **Fully diluted shares:** 196520101
- **Options:** 9004075
- **Mineral resource:** Peyto Exploration & Development Corp. has reported a total of 12 TCFe of Alberta Deep Basin natural gas and associated liquids discovered over 27 years, with 60% developed. As of December 31, 2025, the reserves include 509 MMboe of Proved Developed Producing (PDP) reserves, 926 MMboe of Total Proved (TP) reserves, and 1,450 MMboe of Total Proved plus Probable (P+P) reserves. The before-tax net present value (BT NPV10) of the reserves is $4.97 billion for PDP, $6.87 billion for TP, and $9.36 billion for P+P. The Reserve Life Index (RLI) for PDP reserves is 10 years, while TP and P+P reserves have RLIs of 18 and 28 years, respectively.
- **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:** Jean-Paul 'JP' Lachance (President and Chief Executive Officer, Joined Peyto in 2011 as VP Exploitation, promoted to COO in 2018, and President and CEO in 2023. Over 30 years of industry experience with previous roles at ProspEx Resources, Marathon, and Chevron.), Todd Burdick (Vice President, Production, Began his oil and gas career in 1988, held various positions in well stimulation, geophysics, and pipeline/facility construction. Joined Peyto in 2005.), Tavis Carlson (Vice President and Chief Financial Officer, Joined Peyto in 2022 as VP, Finance and promoted to CFO in 2024. Over 20 years of finance and management experience in the oil and gas industry.), Michael Collens (Vice President, Marketing, Joined Peyto in 2019 with over 20 years of experience in Trading and Risk Management. Promoted to VP Marketing in 2025.), Lee Curran (Vice President, Drilling and Completions, Joined Peyto in 2006 after various roles with Chevron and Apache. Holds a B.Sc. in Mechanical Engineering.), Derick Czember (Vice President, Land and Business Development, Involved in oil and gas land since 2002, specializing in negotiations and land management. Joined Peyto in 2015.), Riley Frame (Vice President, Engineering and Chief Operating Officer, Joined Peyto in 2013 as an Exploitation Engineer, promoted to COO in 2024. Holds a Bachelor of Applied Science in Petroleum Engineering.), Stephen J. Chetner (Corporate Secretary, Partner at Burnet, Duckworth & Palmer LLP since 1994. Corporate Secretary for Peyto since 2000.), Crissy Rafoss (Vice President, Finance, Joined Peyto in 2013 as Controller, promoted to VP, Finance in 2025. Over 20 years of experience in financial operations.), Mike Rees (Vice President, Geoscience, Joined Peyto in 2012 as Senior Geologist, promoted to VP, Geoscience in 2025. Over 20 years of industry experience.)

_Verified data last updated: 2026-08-14_

## Recent filings

- 2026-08-14 — press_release — [pey_2026-08-14_20-11-43.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/114401?documentId=114401)
- 2026-08-11 — press_release — [pey_2026-08-11_20-43-27.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/113855?documentId=113855)
- 2026-07-15 — press_release — [pey_2026-07-15_20-02-02.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/77893?documentId=77893)
- 2026-06-15 — press_release — [pey_2026-06-15_20-14-41.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/77894?documentId=77894)
- 2026-06-02 — press_release — [pey_2026-06-02_20-07-01.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/77895?documentId=77895)
- 2026-05-22 — proxy — [pey_2026-05-22_00-20-40.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/77896?documentId=77896)
- 2026-05-21 — press_release — [pey_2026-05-21_23-39-34.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/77897?documentId=77897)
- 2026-05-15 — press_release — [pey_2026-05-15_20-11-08.pdf](https://ai-chat-dev-red.vercel.app/pey/preview/77898?documentId=77898)

## Live AI chat

- https://ai-chat-dev-red.vercel.app/pey/chat
- Investor website: https://peyto.com/