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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 red2000on Feb 28, 2023 5:47am
132 Views
Post# 35308816

RE:RE:RE:Interesting rumor...

RE:RE:RE:Interesting rumor...Interesting perspective :

The advantage of doing this deal is that they can get rid of Marathon as the operator of the Eagleford property. The Ranger management team can takeover the complete Texas operation giving you a net cost savings. Rangers production has been declining as so has Eagleford maybe this deal was done months ago. Management says they want to increase production out of this area . You have the gulf refineries with higher oil prices and large exports expected.
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