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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

Bullboard Posts

Comment by rayjd93on Feb 04, 2017 5:43pm

143 Views

Post# 25800401

RE:Eagleford is a flop even at oil the low 60's.

juveballclub123 wrote:

The update is through October 2016. 80% of the wells produce less than 75 barrels of oil per day.

The average cumulative oil production struggles to reach even 200K barrels.

In the comment section, both Brooker and Enno noticed that high IP did not translate to more oil recovery in the end.

https://shaleprofile.com/index.php/2017/02/02/eagle-ford-update-through-october-2016/

Good news for anyone holding the prime assets in the area (for example, BTE). Service providers focused in the Eagle Ford will keep begging on their knees for work. Unlike in the Permian where they are starting to be in the power position.

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages