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 > OPEC running out. Compliance June = 320%

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Comment by BayStreetWolfTOon Aug 02, 2022 12:28pm

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Post# 34866018

RE:RE:OPEC running out. Compliance June = 320%

Full compliance would be 100% (reaching quota)

They are exceeding their requested compliance so you would say "below" quota....

They have been increasing in the "miss" i.e. increase in complaince from quote

Dec 2021 was 122%
Jan 2022 was 130%

Now up to 320%....so way under quota

This is why we talk spare capacity issues....WHY would a country purposely produce less when OPEC is allowing they MORE money...because they can't increase production...