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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

Bullboard Posts
Post by Coop007on Feb 26, 2016 7:44am
77 Views
Post# 24597648

Nigeria's Forcados crude

Nigeria's Forcados crude

Flows of Nigeria's Forcados crude could be halted until April -sources

Fri Feb 26, 2016 9:57am GMT
 
[-Text [+]
 

ABUJA/LONDON Feb 26 (Reuters) - Flows of Nigeria's Forcados crude oil to the export terminal could be halted until April, sources told Reuters.

Pipeline operator SPDC, a Shell affiliate, put the grade under force majeure on Feb. 21, a week after a pipeline leak forced it to halt loadings to the export platform, according to an email from the company.

Local producers have had to shut Forcados crude output as a result, with local and trading sources saying it is likely to take until early April before the pipeline is repaired and oil production can resume and flow to the export terminal.

About 249,000 barrels per day (bpd) of oil were scheduled to be exported from the Forcados stream in both February and March.

Sources said that gas production associated with the Forcados field could also have to close, depending on how long it takes to repair the pipeline.

Shell declined to comment. (Reporting By Julia Payne and Libby George; Editing by David Goodman)

 
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