Peyto Exploration & Development Corp.
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in mil. unless spec.Company Description
- CEO
- Jean-Paul H. Lachance
- Full Time Employees
- 83
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 600 3rd Avenue SW Calgary AB Canada T2P 0G5
- IPO Date
- Mar 31, 2004
- Website
- peyto.com
- Similar Companies
- Business
- Peyto Exploration & Development Corp. (TSX: PEY; OTC: PEYUF) is a Canadian energy company focused on the exploration, development, and production of natural gas, crude oil, and natural gas liquids primarily in Alberta's Deep Basin region. The company offers unconventional natural gas production from its extensive asset base, encompassing high-quality reserves with cumulative production exceeding 2.97 trillion cubic feet equivalent, weighted approximately 88% to natural gas and 12% to natural gas liquids; it maintains a drilling inventory of over 1,592 gross booked locations and 3,400 gross identified locations across 1.2 million net acres of highly delineated lands. Peyto targets low-decline assets with industry-leading cost structures, delivering superior returns through internally generated drilling projects, balanced capital allocation, and a focus on profitability metrics such as debt-adjusted per share growth in production, reserves, and income. Founded in 1997 and headquartered at 600 3rd Avenue SW in Calgary, Alberta, Canada, the company operates exclusively within Western Canada, emphasizing the Deep Basin play extending into areas like greater Edson. In recent developments, Peyto completed a strategic acquisition of Repsol Canada Energy Partnership assets in late 2023, adding approximately 455,000 net acres, 23,000 boe/d of production, and significant inventory that has since grown to 50,000 boe/d on the acquired lands through outperform drilling programs; the company reported record 2024 reserves results, including 6.0 Bcfe of Proved Developed Producing reserves per well (up 40% year-over-year), alongside strong operational efficiency and production averaging targets of 33,000 boe/d in 2024 with further expansions tied to LNG projects.
Company News
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Peyto Exploration & Development Corp. Confirms Monthly Dividend for September 15, 2026
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Peyto Exploration & Development Corp. Confirms Monthly Dividend For August 14, 2026
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Peyto: The Outperformance Continues
Peyto Exploration & Development Corp. (PEY:CA) Q1 2026 Earnings Call Transcript
Peyto Exploration & Development Corp. Confirms Monthly Dividend for May 15, 2026
Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Given Average Recommendation of “Moderate Buy” by Analysts
Peyto: Ending The Fiscal Year On A Strong Note
Peyto Exploration & Development Corp. Confirms Monthly Dividend for April 15, 2026
Peyto Exploration & Development Corp. (PEY:CA) Q4 2025 Earnings Call Transcript
Peyto Reports Fourth Quarter and 2025 Annual Results
Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Given Average Recommendation of “Moderate Buy” by Brokerages
Peyto: Keeping The Shareholders Informed
Peyto Delivers Strong Reserves Additions in 2025
Peyto Exploration & Development Corp. Confirms Monthly Dividend for March 13, 2026
Peyto: Cost Goal Met