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 RichVanWinkle2on Dec 21, 2017 11:44am

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Post# 27205872

RE:Noob QUestion

Incorrect ...

Period ending June 30/17: 38,528 boe/d Eagle ford vs. total 72,812 boe/d = 53% vs 47% WCS

ThunderMeat wrote: why do we always talk about WTI when baytex sells at a discount to WTI and uses the WCS benchmark for prices? 80% of their production

https://www.baytexenergy.com/operations/marketing/benchmark-heavy-oil-prices.cfm

As a largely heavy oil producer, our production is typically priced based on a Canadian heavy oil benchmark price, referred to as Western Canadian Select (“WCS”). WCS is made up of existing Canadian heavy conventional and bitumen crude oils blended with sweet synthetic and condensate diluents, and has an average gravity of 20.5 degrees API.