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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

Comment by perstrudenton Aug 17, 2021 12:47pm
176 Views
Post# 33717375

RE:RE:RE:700bbl/day Clearwater well

RE:RE:RE:700bbl/day Clearwater wellThis play from existing 4 wells should have about 1200bopd production. This alone would basically self fund a 1 rig continuous drill program which they should commence immedietely. After results of Well 5 more easterly they need to do 1 more appraisel well to the more south of property to delieniate almost all their land then go full development with 1 rig. This wouldnt affect any previous fcf debt paydown as it would be self funded from its own play cashflow. Headwater growing about 6000bopd per year with 1 rig...by end of 2022 BTE could be producing 10,000bopd from this play all self funded with even extra fcf yielding from it that could further accelerate debt repayment and or share buybacks.
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