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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 269,000 gross 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

Post by stock_for_goldon Oct 28, 2023 9:35am
267 Views
Post# 35705553

Eagle ford shale play

Eagle ford shale play

What is the Eagle Ford Shale?

The Eagle Ford Shale is a hydrocarbon-producing geological formation of significant importance due to its capability of producing both natural gas and also more oil than other traditional shale plays. The shale play trends across Texas from the Mexican border into East Texas, roughly 50 miles wide and 400 miles long with an average thickness of 250 feet within Railroad Commission of Texas Districts 1 -6.  It contains a much higher carbonate shale percentage, upwards to 70% in south Texas, and becomes shallower and the shale content increases as it moves to the northwest. The high percentage of carbonate makes it more brittle and therefore more conducive to hydraulic fracturing. It is Cretaceous in age resting between the Austin Chalk and the Buda Lime at a depth between 4,000 and 12,000 feet.  It is the source rock for the Austin Chalk and the giant East Texas Field. The shale is named for the town of Eagle Ford, Texas, approximately 6 miles west of Dallas, Texas, where it can be seen on the surface as clay soil.  An outcrop of the Eagle Ford Shale can be seen in the Dallas-Fort Worth Metroplex.

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