Peyto Exploration & Development Corp. (PEY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. I will now like to turn the conference over to J.P. LaChance, President and CEO. You may begin. Thanks, Dawanda. Morning folks, and thanks for joining PAYTO's second quarter 2025 conference call. Before we begin, 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. Here in the room with me is Riley Frame, our Chief Operating Officer, Tavis Carlson, our CFO, Todd Burdick, our VP of Production, Mike Collins, our VP of Marketing, and Mike Rees, our VP of Geoscience. Before we discuss the quarter, on behalf of the management group, those that are here and not here, I'd like to thank the entire Paedo team, both in the office and in the field, for their contributions to another strong quarter. Paedo remained active with four rigs during the second quarter through spring breakup. As is typical for Paedo, production falls a little through Q2 as we try not to overspend, fighting through the mud to complete wells and bring them on production. The fires near Fort Mac did cause some oil sands shut-ins that affected demand for natural gas in the province, and there were some NTL maintenance that caused prices to go negative, at least for one day in June. We did shut in some production that day, not because we had to, but to be more opportunistic and essentially get paid to fulfill our physical contracts and save our gas for another day. Th...