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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 gareez47on Apr 30, 2022 12:10pm
409 Views
Post# 34644847

Capex worriers

Capex worriers
Budgeting 30 million on new drilling is OK in my book. Clearwater is too new to BTE to not drill more. All their wells are new and flowing. What they do not have a handle on yet is the decline rate for these wells.
Keep the drilling budget that is set. This is a great time to do this when oil prices are up and they payouts are in weeks. All these wells will decline and no one knows at what rate so far.
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