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Tuesday, 14 October, 2008, 16:20 GMT | more prices >>

Peyto reaps earnings reward



By Upstream staff 

Canada's Peyto Energy Trust today reported a 331% rise in earnings for the period ended September 30, 2003, up from $5.95 million in the year-ago period to $25.39 million.

Production increased 48% year over year with natural gas averaging 66.8 million cubic feet per day and oil and natural gas liquids averaging 2948 barrels per day.

Operating costs for the third quarter were $2.8 million in 2003 compared with $1.2 million for the same period in 2002, due primarily to increased production volumes.

Peyto Energy Trust was recently formed after a reorganisation of Peyto Exploration & Development.


Thursday, 20 November, 2003, 11:13 GMT  | last updated: Friday, 29 April, 2005, 14:49 GMT

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