March 2 (Reuters) - Peyto Exploration & Development Corp PEY.TO :
* Earns $138 million in 2015 on capital investments of $594 million
* Q4 FFO per share C$0.95
* Says Q4 2015 production was up 17%, or 13% per share, from Q4 2014 to 582
mmcfe/d
* Says began 2016 with 10 drilling rigs active but reduced this count to 8 rigs
over the month of January
* Says field construction has commenced on peyto's brazeau gas plant expansion
* Qtrly natural gas production 540,512 mcf/d versus 451,044 mcf/d
* Says brazeau gas plant expansion will increase capacity from 60 mmcf/d to 100
mmcf/d by the end of March
* Original 2016 budget of $600 to $650 million, announced November 12, 2015,
has been revised to $500 to $550 million
* 2016 capital budget has been revised to $500 million to $550 million
* 2016 revised budget involves drilling between 125 and 135 gross wells
* Source text for Eikon
* Further company coverage PEY.TO