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.

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Baytex Energy Corp > US Total Rig Count Climbs "todays data"

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Post by smallcaptdron Sep 16, 2022 3:11pm

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Post# 34967725

US Total Rig Count Climbs "todays data"

Companies are still drilling for Crude and NG as prices stay strong and eventually will add to production increases. These increases in production cause demand tightness to weaken plus as global economies head into contraction Oil & NG prices will decline. Like I said if everything stays status-quo Oil prices will soften but there's the wildcard Russia and Saudi Arabia who are determined to force crude prices to climb to $100 through manipulation then energy stocks SP will increase but we still need to wait till this rumor turns fact.

IEA: Global Oil Production Rose By 790,000 Bpd In August | OilPrice.com

Offshore Drilling Rates Jump, Could Rise Further To $500,000 Per Day | OilPrice.com

US Crude Rig Count Climbs
Baker Hughes Crude Oil Rigs