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 > US Shale set for a rapid decline

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Comment by Marty57on May 21, 2023 9:00pm

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Post# 35458711

RE:RE:RE:US Shale set for a rapid decline

The US production industry always seems to surprise to the upside. Having said that the fundamentals supporting the levels of production we have seen for the past few years do indicate a drop in US production. How will this play out? I don't know...but I would bet on a very gradual decline in US production over the rest of 2023 rather than an abrupt decline.

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Cannara reports record growth and profitability in Q4 2023