Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp

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Comment by d_trumpon Aug 16, 2016 10:25pm

171 Views

Post# 25148548

RE:RE:RE:EIA vs API - Crude Oil Inventories

The import numbers are very telling. If you look at the spreadsheet data produced by EIA and compare imports this year to last year:

Avg import for 32 weeks ending Aug 5 2016 = 7,895
Avg import for 32 weeks ending Aug 7, 2015 = 7,268

Increase = 627k
x 32 wks x 7 days = 140M barrels.

Total crude inventory 8/5/2016 523M barrels
Total crude inventory 8/7/2016 453M barrels

So we are up 70M barrels from a year ago but had imports been held flat this year, inventory would be down 70M barrels instead of up.

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