Peyto is upgrading its Wild River Gas Plant near Drayton Valley through compressor installations and optimization to increase throughput and improve efficiency without building new infrastructure. The project reflects Peyto’s broader strategy of maximizing existing Deep Basin assets to lower costs, enhance margins, and support production growth.
Peyto Exploration & Development is expanding compression capacity at its Nosehill Gas Plant near Drayton Valley through a facility licence amendment, allowing the company to increase throughput and optimize its existing processing infrastructure rather than build new plants
Peyto 2023 budget are still being finalized, an organic capital program of $425–$475 million is anticipated, which will use between 4 and 5 drilling rigs throughout the year and is estimated to add approximately 35,000 to 40,000 boe/d of new production by the end of the year.
Peyto Exploration & Development Corp. operating and financial results for the first quarter of the 2022 fiscal year. Download wells drilled and facility permit report.
Peyto’s south Brazeau area, called Chambers, has prompted the Company to design a new, sweet, gas processing plant for this area.
Peyto’s south Brazeau area, called Chambers, approved for new, sweet, gas processing plant for this area.
Peyto First Quarter 2021 Update production up 6% from 86,000 boe/d, invested $33.5 million on drilling, $18.2 million on completions and currently has 2 rigs drilling
