Peyto Exploration & Development Corp. primarily targets the prolific Montney, Falher, and Notikewin formations within west-central Alberta. The company's production mix is heavily weighted toward natural gas, which accounts for approximately 88% of its output, with the remainder consisting of natural gas liquids (NGLs) and oil. Peyto manages the entire value chain in-house, encompassing land acquisition, drilling, completions, processing, and marketing. By controlling its own gas processing plants and infrastructure, the company maintains industry-leading low operating costs and high margins. Additionally, Peyto utilizes a disciplined hedging program to mitigate commodity price volatility and secure predictable cash flows.