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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 vascris15on Mar 18, 2020 6:42pm
148 Views
Post# 30823912

Baytex Announces Revised 2020 Capital Program 2020-03-18

Baytex Announces Revised 2020 Capital Program 2020-03-18
BRIEF-Baytex Announces Revised 2020 Capital Program
2020-03-18 05:44:43 PM ET (Reuters)
   
   

Baytex Energy Corp:

* BAYTEX ANNOUNCES REVISED 2020 CAPITAL PROGRAM

* BAYTEX ENERGY CORP - ANNOUNCES A 50% REDUCTION TO ITS 2020 CAPITAL BUDGET TO $260 TO $290 MILLION

* BAYTEX ENERGY CORP - IMMEDIATELY SUSPENDING DRILLING OPERATIONS IN CANADA

* BAYTEX ENERGY CORP - HAVE REVISED PRODUCTION GUIDANCE RANGE FOR 2020 TO 85,000 TO 89,000 BOE/D

* BAYTEX ENERGY CORP - EXPECT TO FORGO DRILLING 43 NET HEAVY OIL WELLS AND 151 NET LIGHT OIL WELLS OVER BALANCE OF THIS YEAR

* BAYTEX ENERGY - RECENTLY EXTENDED MATURITIES OF CREDIT FACILITIES TO APRIL 2, 2024

* BAYTEX ENERGY CORP - FACILITIES TOTAL APPROXIMATELY $1.1 BILLION AND INCLUDE US$575 MILLION OF REVOLVING CREDIT FACILITIES AND A $300 MILLION TERM LOAN

* BAYTEX ENERGY - EXPECT A MODERATED PACE OF DEVELOPMENT IN EAGLE FORD WITH 16 TO 18 NET WELLS BROUGHT ON PRODUCTION IN 2020

* BAYTEX ENERGY CORP - ALL FULL-TIME EMPLOYEE SALARIES AND ALL ANNUAL RETAINERS PAID TO OUR DIR ECTORS WILL BE REDUCED BY 10% EFFECTIVE APRIL 1, 2020

* BAYTEX ENERGY CORP - FIRST LONG-TERM NOTE MATURITY OF US$400 MILLION IS NOT UNTIL JUNE 2024

* BAYTEX ENERGY CORP - NOW ANTICIPATE 2020 EXPLORATION AND DEVELOPMENT EXPENDITURES OF $260 TO $290 MILLION Source text for Eikon: Further company coverage:


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