View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 9, 2022

Sundance (PEYTO EXPLORATION & DEVELOPMENT CORP.) AB Unconventional Gas Field, Canada

By Carmen

Sundance (PEYTO EXPLORATION & DEVELOPMENT CORP.) AB is a producing unconventional gas field located onshore Canada and is operated by Peyto Exploration & Development.

Field participation details

The field is owned by Peyto Exploration & Development.


Production from Sundance (PEYTO EXPLORATION & DEVELOPMENT CORP.) AB

The Sundance (PEYTO EXPLORATION & DEVELOPMENT CORP.) AB unconventional gas field recovered 34.25% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 0.01 thousand bpd of crude oil and condensate, 444 Mmcfd of natural gas and 6.21 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 500.99 Mmboe, comprised of 0.48 Mmbbl of crude oil & condensate, 2,710.22 bcf of natural gas reserves and 48.81 Mmbbl of natural gas liquid reserves. Sundance (PEYTO EXPLORATION & DEVELOPMENT CORP.) AB unconventional gas field reserves accounts 0.43% of total remaining reserves of producing unconventional gas fields globally.


About Peyto Exploration & Development

Peyto Exploration & Development Corp (Peyto Exploration & Development) is an oil and gas company that involved in exploration and development of natural gas. The company acquires, explores, develops and produces crude oil and unconventional natural gas reserves. It operates in the Alberta Deep Basin which is a geologic setting located on the northeastern front of the Rocky Mountain belt in the part of the Alberta sedimentary basin and explores and develops liquids-rich natural gas resources. Peyto Exploration & Development operation fields include Greater Sundance, Wildhay, Nosehill, Ansell, Brazeau, Kakwa and others. The company partners with other oil and gas companies for its exploration activities. Peyto Exploration & Development is headquartered in Calgary, Alberta, Canada.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU