Mr. Gee is the President and Chief Executive Officer of Peyto Exploration & Development Corp.

Darren Gee is the President and Chief Executive Officer of Peyto Exploration & Development Corp., and the company is the source of the above photo.

Darren Gee, President and CEO of Petyo Exploration & Development Corp., is one of the most respected energy CEOs in Calgary, the global energy capital.

Each month, Mr. Gee writes a newsletter on behalf of his roughly $6 billion market cap. company, which is widely read throughout energy finance circles.

In the August 2014 edition published earlier today, Mr. Gee reflected on an important milestone for the company.

"Much like the golf pros at the Shaw Champions Tour event in Calgary last weekend, Peyto just keeps crisply smacking them down the middle and making pars. Continued drilling success is resulting in production that's steadily marching higher. New pens to mark the occasion of 80,000 boe/d are on order."

Gee looked back on a thousand wells drilled since joining Peyto, a "flash in the pan" energy junior at the time, some 14 years ago.

What's it take to drill 1000 wells, Gee asks himself rhetorically?

"In our case, 1,000 Deep Basin wells was over 22,000 days of drilling, through more than 3.1 million meters of rock (Calgary to Houston) and cost us a little over $1.6 Billion. It took thousands of hours of seismic interpretation, log interpretation, and geological mapping to pick those locations. Countless successes at land sales and with farm-in negotiations to get the land. One thousand surveys and license applications. Miles of road and wellsite construction…  And of course, it's taken much, much more than that. All to get a hole in the ground, lined with pipe, exactly where you want it."

He thanked his team, who "may be small in number but what they have accomplished over the last 15 years, is by no means small."

"Ultimately, though, the amount of activity is still just a means to an end. Because its not a race to see who can drill the most wells. It's about who can make the most profit. About who can get the most dollars out, for the dollars they put in. This is the oil and gas business, and business is about making money."

These are a few of the things Darren Gee learned along the way, paraphrased:

  • It's about what you do, not what you say
  • Base-hits add up
  • Opportunities only run out if you stop exploring for them

For more on the success of Peyto, you will want to check out this edition of the PEY President's Report.

Here's the link: Peyto Exploration and Development Corp.'s President's Monthly Report 

Email info@peyto.com to request to join their email list.