Alberta natural gas producer Peyto Exploration & Development Corp. has no plans to curtail production like some of its North American peers, despite current weak pricing at the Henry Hub and AECO locations.

Peyto would only shut in wells if AECO prices were to go negative, CEO Jean-Paul Lachance told analysts during the firm’s fourth quarter earnings call.  

However, “our operating costs are so low [that] we’re still making money with prices [where] they are today, for sure,” the CEO said. 

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

NGI’s NOVA/AECO C spot price averaged C$1.650/GJ on Friday (March 8).

Peyto is an Alberta Deep Basin pure play, and it sells gas at hubs...