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17.02.2022 - CALGARY, Alberta, Feb. 16, 2022 (GLOBE NEWSWIRE) - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2021. The ...
FD&A (finding, development and acquisition) costs are used as a measure of capital efficiency and are calculated by dividing the capital costs for the period, including the change in undiscounted FDC, by the change in the reserves, incorporating revisions and production, for the same period (eg. 2020 Total Proved ($235.7-$190)/(536.5-527.3+29.1) = $1.19/boe or $0.20/Mcfe). The RLI is calculated by dividing the reserves (in boes) in each category by the annualized Q4 average production rate in boe/year (eg. 2020 Proved Developed Producing 274.6/(83.461x366) = 9.0). Peyto believes that the m...