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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

Post by BayStreetWolfTOon Aug 11, 2021 12:41am
107 Views
Post# 33683334

New article - Supply issues Libya 70k bpd

New article - Supply issues Libya 70k bpdPipeline issues in Libya to impact supply. No timeline on repairs...same old story crumbling oil infrastructure due to decreased investment.

"Libyas crude oil production fell on Monday by 60,000-70,000 barrels per day (bpd) because pumping crude at an oilfield had to be reduced because of a leak in a pipeline, the National Oil Corporation (NOC)said."

"A leak on a 30-inch pipeline linking the Gallo oilfield with the Al-Waha oilfield forced NOC to reduce production until it assesses the damage and makes the necessary repairs."

"NOC didnt provide a timeline on when production will be restored but said that it had reached out to the ministries of oil and finance, asking them to extend the funds needed for repairs and funds needed to avoid the frequent disruptions to oil production due to poor infrastructure."

Reference: https://oilprice.com/Latest-Energy-News/World-News/Pipeline-Leak-Cuts-Libyas-Oil-Production-By-70000-Bpd.html
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