Updated Aug 22, 2024
8/22/24
Alberta natural gas producer Peyto Exploration & Development Corp. plans to maintain current production levels until prices strengthen at the AECO hub in Western Canada, according to CEO Jean-Paul Lachance.
Natural gas exploration and production (E&P) firms and midstream companies in Canada expect to continue driving and delivering strong volumes of output. Their high expectations for demand growth outshined weak prices to begin 2024.
As wildfires rage across Western Canada, Peyto Exploration & Development Corp. has taken measures to mitigate potential impacts to its natural gas operations, according to CFO Tavis Carlson.
Alberta natural gas producer Peyto Exploration & Development Corp. has no plans to curtail production like some of its North American peers, despite current weak pricing at the Henry Hub and AECO locations.
Alberta Deep Basin pure-play Peyto Exploration & Development Corp. has all but eliminated its exposure to expected weak pricing at the AECO natural gas hub for the upcoming summer, CEO Jean-Paul Lachance said.