News

Repsol Canada acquisition boosts Peyto in Q4 2023

Natural Gas World - Latest News · last updated

Repsol Canada acquisition boosts Peyto in Q4 2023

-
Natural Gas News
Repsol Canada acquisition boosts Peyto in Q4 2023

Summary

Production gains from acquisition were partially offset by slower capital program in the face of weak prices. [Image credit: Peyto Exploration & Development] by: Dale Lunan

Peyto Exploration and Development, a Canadian Deep Basin producer, said March 7 its C$699mn (US$519mn) acqu...

Posted in:

Natural Gas & LNG News, Americas, Corporate, Mergers & Acquisitions, Financials

Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More informationabout ENERGY BASICS: petroleum