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.

TSX:BTE - Post by User

Baytex Energy Corp > Baytex holds the top 15 Clearwater wells

<< Previous

Bullboard Posts

Next >>

Comment by dllscwbysfnon Jan 09, 2023 10:42am

127 Views

Post# 35211022

RE:RE:RE:Baytex holds the top 15 Clearwater wells

The summer of 2022 wti was at 120. So $30/barrel more compared to 90 equates to an extra 840K in less than a month, assuming 1000barrels /day.

JohnnyDoe wrote:
red2000 wrote: 7 wells over 1,000 bbl/d !!! Amazing !
Avg. wells 964 bbl/d !!!! Total wells : 14,462 bbl/d !!!
And they expect to drill 31 net wells in 2023, see below !

There's a few things that don't really add up to me on Clearwater projections. If it produced 12,000 in November off 22 wells and they plan to drill 23 wells, wouldn't the production volume grow more than simply projecting 12-15000? At the low end, that's simply replacement level.

I also don't understand the math on well economics and thought these wells were more economic that that. Does anyone know the actual cost to drill a well? At 70 wti, 1000*30*70=2.1m * 7 months = 14.7 m in revenue. At 80 wti, 1000*30*80=2.4m * 5 months = 12m in revenue and at 90 wti = 1000*30*90=2.7m * 4 months = 10.8m in revenue. I don't understand how those three numbers equate with one another. We also used to hear a lot of "these wells payout in weeks" getting thrown around. Well, if we have the best wells and it's taking months at 90, where does weeks come from?