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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Bullboard Posts
Post by BullishBaytixon May 29, 2016 8:38am
157 Views
Post# 24913843

Oil may pop tomorrow

Oil may pop tomorrow

More attacks in nigeria this weekend. 

Militants attack ENI pipeline in Nigeria's Delta -officials

Sun May 29, 2016 7:36am GMT
 
[-Text [+]
 

By Tife Owolabi

YENAGOA, Nigeria (Reuters) - Militants attacked a crude oil pipeline operated by Italy's ENI on Saturday, a Nigerian state government said, hours after the Niger Delta Avengers militants claimed another strike in the region.

Nigeria's oil output has fallen to a 20-year low due to attacks on pipelines in the southern swamps, home to much of its hydrocarbon resources, which have compounded the impact of low oil prices on Africa's largest economy.

"Th‎e Bayelsa State Government has condemned in its entirety the attack on ‎a trunk line belonging to Agi‎p (ENI) by (a) new militant group, the Niger Delta Avengers," it said in a statement. Bayelsa lies in the Delta region.

The Avengers, who have been targeting oil and gas facilities for the last three months, earlier said on Twitter they had attacked the Nembe pipelines 1, 2 and 3, pumping Royal Dutch Shell's Bonny Light crude, and an Agip facility, at 0215 local time (0115 GMT).

"Something Big is about to happen," the group later tweeted.

A Bayelsa spokesman said later the Nembe pipelines had not been hit. Nengi James, a chairman of the Nembe Oil and Gas Committee that liaises with oil firms, said vandals had targeted the Agip pipeline, which had been attacked before.

Shell and ENI were not immediately available for comment. Shell declared force majeure on Bonny Light loadings after a previous attack on the Nembe creek trunk pipeline, but some exports had been continuing with delays.


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