Peyto Exploration & Development Corp. (PEY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by, and welcome to PATO's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. To remove yourself from the queue, you may press star 11 again. I would now like to hand the call over to President and CEO, J.P. Lachance. Please, go ahead. Thanks, Lateef. Good morning, folks, and thanks for joining PAYTO's third 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 at the company's news release issued yesterday. Here in the room with me is Riley Frame, our COO, Tavis Carlson, our CFO, Lee Curran, our VP of drilling and completions, Tar Burdick, our VP of production, Mike Collins, our VP of marketing, Eric Sember, our VP of land and business development, Christy Rafus, our VP of finance, and Michael Reese, our VP of geoscience. Before we discuss the quarter on behalf of this group here, the management team, I'd like to sincerely thank the entire BATO team, both here in the office and in the field, were their contributions to yet another strong quarter. And we had a busy quarter that's carried on through into Q4. July was a little wet, somewhat unusually wet, and that slowed our activity in the month down a little bit. We had some plant turnarounds. We built and started up a new field compressor in Sundance. We added a fifth rig. We shut in some gas in September due to low prices. And most recently, we extended our credit facility. And that's just to name a few things. Properly, productio...