PEY.TO - Peyto Exploration & Development

[petec]

Thanks!

http://www.peyto.com/Files/PMReport/2021/PMR2021Feb2.pdf

 

I think this statement from the February President's Monthly Report is the most interesting. 

 

"Considering our track record over the last decade, with an ever increasing drilling speed (80% increase in 9 yrs), and a shallowing base decline, we may not be too far away from a single operating rig being able to hold us at 100,000 boe/d.  Assuming of course that holding production steady and stripping off gobs of free cashflow is still the right strategy."

 

Yes agreed. Watching decline rates fall and rig productivity rise has been impressive.

 

Then again both have implications for the gas price too. They’re industry-wide phenomena.