RE:WTI or WCSWildfury wrote: Anyone know what Baytex gets for their oil production as far as pricing goes ? Is it based on WTI or WCS prices. You hear about the spread between the two which is around $20 which is quite large. Another fact is that the oil sands need extra refining , thus the discount . Baytex is not an oil sands producer but they do produce heavy oil and I'm curious to know if Baytex is subject to discounts on that heavy oil production .
As a rule of thumb you can say their Eagle Ford production would get WTI and HH nat gas prices . BTE produces various oil grades (Cdn) including heavy oil from Clearwater that don't need condensate dilution which makes it more economical/profitable and easier to transport . Oilsand production (bitumin) is more viscus and requires the addition of condensate to flow in a pipeline , bitumin is really asphalt without the gravel . It needs to be run through a coker and upgraded before it runs through the refinery to make gasoline or distillates .