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Peyto Snapshot
Named after 19th-century Banff-area outfitter, guide, and park warden "Wild Bill" Peyto, Peyto Exploration & Development (formerly PEYTO Energy Trust) invests in long-life gas projects in Alberta's Central Deep Basin. The company focuses on the Sundance and Smoky/Kakwa areas and has proved reserves of 124.3 million barrels of oil equivalent. It also operates gas plants and more than 200 miles of gas gathering pipeline. It pursues a strategy of developing long-lived reserves requiring low operating costs in order preserve capital. Peyto Exploration & Development converted from a trust structure in early 2011 to secure better financial returns for shareholders.
