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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 Kelvinon Sep 08, 2023 10:25am
89 Views
Post# 35626013

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BTE today

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BTE today Yes I'm in the process of finding out what exactly that superior technology is. Shubham Garg is a petroleum engineer graduate from the Unuversity of Alberta with years of hands-on experience in completions and production. With regard to Peavine he said that Baytex was looking at drilling the wells with a new design of drilling fluids but did not elaborate. Knowing something about drilling fluids I imagine it would be some sort of solids-free polymer, brine system to limit the concentration of micro solids that create permeability barriers. Very expensive but if you can get 10% to 20% more boe out of a well by extending it's life and flowrate then well worth it.

When I say that I'm checking it out, I know some people in the drilling fluids business in Alberta that I messaged yesterday. But if it's a bte proprietory mud system nobody will talk much about it. I can't think of what other new technology might be involved except for production fluids and/or new reservoir modelling software that sets out optimum flowrates over time so as to get the most out of a well. I know that you can screw up wells if you flow them too fast. Or maybe new fracking techniques or all of the above. 
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