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Peyto Exploration: Bluesky Takes Center Stage
Seeking Alpha· 2025-12-22 17:06
Peyto Exploration & Development (PEYUF) inherited a drilled but uncompleted well (DUC) in the Bluesky formation when it acquired the acreage from Repsol (REPYY)(REPYF). This was yet another interval in which advancing technology now made possible low-cost production. This well performed much better than average. But it only recently paid back due to costs. This whole episode pointed out that the wells that make the highest production list in Alberta, Canada may not be the most cost-effective wells. The comp ...