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 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

Baytex Energy Corp

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Comment by Chief1on Sep 30, 2016 2:34pm

47 Views

Post# 25296211

RE:RE:Rig count....

oceaneleven wrote:
The United States, also a non-OPEC member and now the biggest oil producer, said it had little faith the plan would work. Amos Hochstein, the U.S. energy envoy, said in a Reuters interview that price gains from the cuts would trigger higher U.S. production that ultimately defeats the deal.

A weekly reading on the U.S. oil rig count showed local drillers added 95 rigs for the third quarter, the most in any quarter since 2014. [RIG/U]

He also added that the Saudis might just have to give the US a larger market share. This isn't looking good for the Saudus IP0.

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