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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 > RIG COUNT IN COWBOY STATE FALLS TO ZERO
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Post by lensgtoon Aug 06, 2020 11:40am
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Post# 31373184

RIG COUNT IN COWBOY STATE FALLS TO ZERO

RIG COUNT IN COWBOY STATE FALLS TO ZERO

Rig Count In Cowboy State Falls To Zero

By Irina Slav - Aug 06, 2020, 9:00 AM CDT
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The last active drilling rig in Wyoming was idled yesterday, leaving the state with no operating rigs for only the second time in its oil and gas history.

The AP reports that the gas rig was located near the border with Colorado and quotes the executive director of the state’s Petroleum Association, Pete Obermueller, as saying, “It is historic, but not in a great way. There are so many jobs attached to these rigs, and now, people are painfully learning so much revenue is attached too. It’s mind boggling and hard to capture the impact.”

A year ago, there were 37 active drilling rigs in the Cowboy State, which is one of the oldest legacy oil-producing regions, if not one of the largest. For the whole of 2019, companies operating in Wyoming pumped 102.1 million barrels of crude, which was substantially higher than the 2018 output, which stood at 87.9 million barrels.

By Irina Slav for Oilprice.com

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