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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 Oct 02, 2023 9:48am
103 Views
Post# 35664729

RE:RE:Keep the boards clean...

RE:RE:Keep the boards clean...Excerpt from the link that I posted in my previous post:

In the Eagle Ford shale, the breakdown in wells based on early production showed little difference between the tiers. Tier 1 wells had a slight edge in wells producing more than 1,500 BOE/D, but was also a bit higher in the percentage of wells at 500 BOE/D or less.

In the Midland Basin, the pie chart for tier acreage showed tier 1 outperformed lower tiers at both the high and low end.

The differences at the high end were relatively small. In the lowest quartile, the percentage of tier 1 wells was significantly lower but 42% of the tier 1 wells were in the bottom quartile, pointing to another problem highlighted by the data—many shale wells are not that productive. In this story, production is based on a 180-day measure that is adjusted as if it were from a 10,000-ft lateral, unless otherwise noted.

The message in the study is that reservoir rock quality matters, but even in what passes for good quality shale rock, getting oil out depends on where the well was located and how it was drilled, fractured, and produced.

“Rock is important, but a good rock without a good design is of less use,” said Anshu Mittal, an associate vice president for Deloitte.

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