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Peyto Exploration & Development Corp.

TSX:PEYLive AI agent

Peyto Exploration & Development Corp.

Investor website: https://peyto.com/

About

Peyto Exploration & Development Corp. is an explorer and producer of unconventional natural gas in Alberta's Deep Basin. The company is known for its industry-leading cost structure and focus on profitability, making it unique in the Canadian Energy Industry. Peyto is committed to building value through the exploration and development of high-quality gas properties and trades on the Toronto Stock Exchange under the symbol ‘PEY’.

Verified company data

Cash position
$15,743
Shares outstanding
201896612
Fully diluted shares
196520101
Mineral resource
Over the past 27 years, Peyto has acquired, explored and discovered 12 TCFe of Alberta Deep Basin natural gas and associated liquids, of which 60% has now been developed. As at December 31, 2025, the following reserves were reported: Proved Developed Producing (PDP) reserves of 509 MMboe, Total Proved (TP) reserves of 926 MMboe, and Total Proved plus Probable (P+P) reserves of 1,450 MMboe. The before-tax, 10% discounted net present value (BT NPV₁₀) of the Company’s reserves is $5.0 billion on a PDP basis, $6.9 billion on a TP basis, and $9.4 billion on a P+P basis.
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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