In today’s market it is not enough for natural gas producers to find a sizeable resource — it has to be developed for the lowest breakeven cost and sold for the highest return.
Producers operating in Alberta’s Deep basin have mastered this strategy by steadily building high-quality production from its low-risk plays.
“The low-cost producer always wins. You focus on costs and you can generate the profits throughout whatever commodity price environment you’re in,” says Peyto Exploration & Development chief executive Darren Gee.
