Calgary-based Peyto Exploration & Development Corp. is prepared to ramp up development in the fall if natural gas prices strengthen in Western Canada and North America overall, according to CEO J.P. Lachance.

Lachance hosted a conference call earlier this month to discuss second quarter results for the gas-weighted producer, which operates in the liquids-rich Alberta Deep Basin.

“We’re being cautious with our summer drilling program…but we’re ready to ramp up in the fall, assuming prices continue to climb as the forward strip suggests they will,” Lachance said. “We’ve seen some positive movement lately or this past week, but we’re really looking for…sustained price support as a trigger.”

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