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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

Comment by Marty57on Apr 29, 2022 11:09am
130 Views
Post# 34642374

RE:EIA reduces US production after the fact....again LOL

RE:EIA reduces US production after the fact....again LOL
Your observation is bang on BSW.  The actual production in the US is not keeping up with the production levels predicted by the models in the EIA weekly updates.  The last weekly update said current US production is 11.9 million bpd... this looks unlikely in light of the EIA's February production report.
US Shale Oil is faced with steep decline on existing wells, a depleted inventory of DUC wells, and geological and logistical challenges in the drilling of new wells.  IMO US producers are doing a good job just to keep production relatively flat given the situation they are faced with.
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