Peyto Exploration & Development Corp. (PEYUF) Q2 2023 Earnings Call Transcript

Peyto Exploration & Development Corp. (OTCPK:PEYUF) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET

Company Participants

JP Lachance – President & CEO

Riley Frame – VP, Engineering

Tavis Carlson – VP, Finance

Conference Call Participants

Chris Thompson – CIBC World Markets


Good day, and thank you for standing by. Welcome to the Peyto’s Q2 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

And I would now like to hand the conference over to your speaker today, Mr. JP Lachance, President and CEO. Sir, please go ahead.

JP Lachance

Thanks, Chris. Good morning, folks, and thanks for joining Peyto’s second quarter results conference call. I’d like to remind everybody that all statements made by the company during this call are subject to the same forward-looking disclaimer and advisory set forth in the company’s news release issued yesterday. In the room with me today we have Kathy Turgeon, our Chief Financial Officer; Riley Frame, our VP of Engineering; Tavis Carlson, our VP of Finance; Todd Burdick, our VP of Production; Derick Czember, our VP of Land and Business Development; and Lee Curran, our VP of Drilling and Completions.

Before I recap the quarter, on behalf of the management group here, I’d like to acknowledge and thank the Peyto team as we always do for their efforts over the past quarter, including our people in the field for their commitment to Peyto, for their contribution to the successes that we enjoy.

There’s been a lot of talk about the impacts of wildfires in this past quarter and although it did affect Peyto’s operations with some curtailed production about 1.5% and some increased

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