Updated Aug 30, 2024
8/30/24
By Andrew Baker
onAlberta 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.
“We’re keeping production flat to basically minimize any exposure to the AECO/Empress market,” Lachance told analysts during the second quarter 2024 earnings call.
Calgary-based Peyto operates exclusively in the Alberta Deep Basin.
Andrew joined NGI in 2018 to support coverage of Mexico’s newly liberalized oil and gas sector, and his role has since expanded to include the rest of North America. Before joining NGI, Andrew covered Latin America’s hydrocarbon and electric power industries from 2014 to 2018 for Business News Americas in Santiago, Chile. He speaks fluent Spanish, and holds a B.A. in journalism and mass communications from the University of Minnesota.
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