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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
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Post by 65F09Aon Aug 24, 2023 12:55pm
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Post# 35603996

FACT CHECK - 'the bottleneck is refining capacity'

FACT CHECK - 'the bottleneck is refining capacity'Just simply not true!

Global refining capacity additions by year:
2023 - 1.1 million b/d
2024 - 1.9 million b/d
2025 - 1.0 million b/d

'Between 2023 and 2027, we expect an additional 4.4 million b/d of new distillation capacity to come online'.  McKinsey&Company - The near-term outlook for refining

Crack spreads (refining margins) have been under pressure for over a year...
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