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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 Kelvinon Oct 16, 2023 8:43pm
150 Views
Post# 35686417

RE:RE:Just a heads up

RE:RE:Just a heads upYes jleer42, the reknown oil expert here in Venezuela Jose Toro Hardy says that it'll take an investment of about $10 billion per year for 5 years to get back to what Venezuela was producing pre-Chavez of 3.6 million barrels per day.

He estimates that there are about 15,000 wells sanded and/or water coned off because the commies were pumping on them too hard trying to increase production but all that they managed to do was screw up the wells. They all need remedial, workovers to get them back to production. 

Plus the pipelines and oil processing infrastructure is in sad shape as well. Elections are next year 2024. The leading choice for president with 80% support, Maria Corina Machado vowed to privatize the natiinal oil company PDVSA and open the industry right up. So, at this point, this situation is something to keep an eye on as well as new pipelines in Canada as far as supply growth goes.


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