When Peyto Exploration & Development Corp. announced its acquisition of Repsol Canada Energy Partnership’s Deep Basin assets for C$638 million in early September it caught many industry-watchers by surprise, given the company had notoriously been known as a smaller-deal acquirer of tuck-in assets.
November 28, 2023, 12 AM MST
At Alberta’s Nov. 15 land sale, the province sold 26,032 hectares of P&NG leases and licences bringing in $9.32 million. Additionally, there were 320 hectares of oilsands leases sold for a total bonus of $0.64 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $397.30 million.
November 20, 2023, 6 AM MST
Peyto Exploration & Development Corp. is already drilling on the Deep Basin assets acquired from Repsol in a C$638 million deal that closed less than a month ago, said company president and chief executive officer JP Lachance at its third quarter 2023 conference call.
November 10, 2023, 9:40 AM MST
A $36 million hedging gain helped Peyto Exploration & Development Corp. report earnings of $57 million in the third quarter of 2023, despite low benchmark natural gas prices.
November 9, 2023, 8:26 AM MST
At Alberta’s Oct. 18 land sale, the province sold 10,182.56 hectares of P&NG leases and licences bringing in $5.57 million. Additionally, there were 4,928 hectares of oilsands leases sold for a total bonus of $10.72 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $377.07 million.
October 23, 2023, 10:16 AM MDT
Tourmaline Oil Corp.’s $1.45-billion takeover of Bonavista Energy Corporation adds over 30,000 boe/d of oil and liquids production, while providing a major boost in reserves and acreage in the Deep Basin.
October 16, 2023, 11:35 AM MDT
Alberta sold 20,860.26 hectares of P&NG leases and licences in the August 23 land sale, bringing in $10.73 million. There were no oilsands parcels on this date. This brings the total cumulative bonus paid to-date for the year in the province to $336.11 million.
August 28, 2023, 8:33 AM MDT
Peyto Exploration & Development Corp. is adding to its drilling inventory through successfully targeting underdeveloped channels in the Falher formation across its land base, Riley Frame, VP of engineering, told analysts and shareholders at the company’s second quarter 2023 conference call.
August 10, 2023, 10:27 AM MDT
The Alberta government’s Wednesday sale generated $74.23 million in bonus bids, driven by three parcels, including one that attracted a bid of just over $45-million.
August 9, 2023, 4:10 PM MDT
In the July 12 land sale, the province sold 26,016 hectares of P&NG leases and licences bringing in $7.96 million. In addition, 1,152 hectares of oilsands leases sold for $0.29 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $241.38 million.
July 17, 2023, 6 AM MDT
In the June 28, 2023 land sale, the province sold 13,968 hectares of P&NG leases and licenses, bringing in $7.99 million. Additionally, 2,880 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $233.13 million.
July 4, 2023, 6 AM MDT
In the April 5 land sale, the province sold 109,222 hectares of P&NG leases and licences for a total bonus of $25.67 million. In addition, 9,876 hectares of oilsands leases sold for $1.89 million.
April 10, 2023, 9:05 AM MDT
At the March 8 land sale, the province sold 25,658.4 hectares of P&NG leases and licences, bringing in $22.04 million. Additionally, 1,856 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $82.06 million.
March 13, 2023, 6 AM MDT
In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.
January 16, 2023, 12 AM MST
The province sold 24,203 hectares of P&NG leases and licences in the Nov. 30 land sale bringing in $14.63 million. Additionally, 8,752 hectares of oilsands leases sold for $1.93 million.
December 5, 2022, 10:14 AM MST
While its official 2023 budget is still being finalized, Peyto Exploration & Development Corp. currently anticipates an organic capital program of $425–$475 million, which will use between four and five drilling rigs throughout the year.
November 10, 2022, 11:35 AM MST
The province sold 26,585.65 hectares of P&NG leases and licenses in the Sept. 21 land sale, bringing in $15.79 million. Additionally, 1,024 hectares of oilsands leases sold for $136,000.
September 27, 2022, 12 AM MDT
The province sold 13,712 hectares of P&NG licences and leases in the Sept. 7 land sale bringing in $2.85 million. Additionally, 10,491 hectares of oilsands leases sold for $2.88 million. This brings the total cumulative bonus paid to-date in Alberta to $292.5 million.
September 12, 2022, 8:40 AM MDT
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