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.

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Baytex Energy Corp > Doubt on Biden SPR plan

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Post by BayStreetWolfTOon Mar 31, 2022 11:58am

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Post# 34563249

Doubt on Biden SPR plan

Over promise under deliver....market figuring it out....WTI RTQ $103.56....oil saying...."Is that all you have?"....Biden didn't even get it to double digits...spring/summer coming....oh and don't forget the start of the Russian impact....April 1st is Friday (no joke)

"On the US SPR release: Several market participants saying the maximum flow rate from the SPR is around 0.5mbpd. If that is true, the Biden administration will struggle to release 180mb over 6 months."

"These are the largest total weekly volume of US SPR releases on record. 500 kbd is a reasonable estimate for pipeline capacity. Maximum capacity will be different for heavy vs light volumes. Drag reducing agents (DRA) can increase capacity but it's expensive."

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