Peyto Sets Modest Capital Budget, Examining New Alberta Drilling Incentives

摘要

Peyto Energy Trust has set its 2009 capital program at between $50 and $90 million and the trust is examining recent measures introduced by the Alberta government to help stimulate drilling.Management said it will evaluate the impact of the new program but, at first glance, anticipates the combined credits will effectively reduce well costs for the next year by 20%.