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 > New Press Release - Baytex Announces Sale of Viking Assets at Forgan and Plato

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Comment by red2000on Nov 27, 2023 10:16am

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Post# 35754275

RE:RE:RE:RE:RE:New Press Release - Baytex Announces Sale of Viking Assets at Forgan and Plato

Good news, as I expected..., it's a good start only 2,5% of their boe/d, probably with an avg. to high decline in production or which required more CAPEX to maintian the pace.

They cannot drill all their locations at the same time, with efficiency. I expect more assets sale to reduce LT Debt faster and focus to their most important assets to reach over 160,000 boe/d for 2024. Feel free to comments !

As we can see, management knows what they have to do to outperformed their sector !

GL Longs !

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