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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 Moemoney42on Oct 28, 2023 7:17pm
263 Views
Post# 35705948

RE:RE:RE:RE:10 years "Tier 1" acreage/wells.

RE:RE:RE:RE:10 years "Tier 1" acreage/wells."They say that the Eagle Ford has only produced 8 to 10% of the OOIP (original oil in place) using old technology. They now reckon that they can get it up to 30% using new technology. Viola, depleted field now becomes Tier 1. Why do people think that bte bought Ranger? Why do people think that Exxon just spent $60 billion to buy Pioneer? Anyway my vote is to spend opetating income to "drill baby drill" in order to increase reserves and total assets and screw the fcf metrics."

I can't say that I agree with that stance.. "drill baby drill" is what colapsed the energy industry only a few years back by over producing.. that's why most, if not all management has decided to maintain production aside from a few percentage point increases, clean up the balance sheets, cut capex and costs, and make these companies free cash flow machines.. and I agree.. its time shareholders got paid.. thankyou!
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