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

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Post by ztransforms173on Jul 25, 2024 10:53pm

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Post# 36149227

STRONG SHOUTOUT To BTE For PRODUCTION TRANSPARENCY !

- NOTICE that the Q2/2024 FINANCIAL REPORT BREAKS DOWN the PRODUCTION NUMBERS in EACH GEOGRAPHICAL SEGMENT by HEAVY OIL, LIGHT OIL , NGLS and NATURAL GAS instead of the COMPOSITE BOE/D EQUIVALENCE like many other E&Ps DO

^^^

Throughout this press release, "oil and NGL" refers to heavy crude oil, bitumen, light and medium crude oil, tight oil, condensate and natural gas liquids ("NGL") product types as defined by NI 51-101. The following table shows Baytex's disaggregated production volumes for the three and six months ended June 30, 2024. The NI 51-101 product types are included as follows: "Heavy Crude Oil" - heavy crude oil and bitumen, "Light and Medium Crude Oil" - light and medium crude oil, tight oil and condensate, "NGL" - natural gas liquids and "Natural Gas" - shale gas and conventional natural gas.

	Three Months Ended June 30, 2024					Three Months Ended June 30, 2023
	Heavy Crude Oil (bbl/d)	Light and Medium Crude Oil (bbl/d)	NGL (bbl/d)	Natural Gas (Mcf/d)	Oil Equivalent (boe/d)	Heavy Crude Oil (bbl/d)	Light and Medium Crude Oil (bbl/d)	NGL (bbl/d)	Natural Gas (Mcf/d)	Oil Equivalent (boe/d)
Canada - Heavy
Peace River	9,116	7	41	10,733	10,953	9,801	6	49	11,117	11,708
Lloydminster	13,688	16	-	1,607	13,972	11,398	23	-	1,228	11,625
Peavine	19,938	-	-	-	19,938	11,622	-	-	-	11,622

Canada - Light
Viking	-	8,130	181	10,586	10,075	-	13,265	181	12,105	15,464
Duvernay	-	2,509	1,640	5,875	5,128	-	675	566	1,946	1,565
Remaining Properties	961	414	447	10,798	3,622	-	643	638	15,647	3,890

United States
Eagle Ford	-	55,955	17,858	100,165	90,506	-	20,710	7,186	35,946	33,887

Total	43,703	67,031	20,167	139,764	154,194	32,821	35,322	8,620	77,989	89,761

	Six Months Ended June 30, 2024					Six Months Ended June 30, 2023
	Heavy Crude Oil (bbl/d)	Light and Medium Crude Oil (bbl/d)	NGL (bbl/d)	Natural Gas (Mcf/d)	Oil Equivalent (boe/d)	Heavy Crude Oil (bbl/d)	Light and Medium Crude Oil (bbl/d)	NGL (bbl/d)	Natural Gas (Mcf/d)	Oil Equivalent (boe/d)
Canada - Heavy
Peace River	9,299	8	44	10,411	11,086	10,289	9	51	11,191	12,215
Lloydminster	13,422	15	-	1,519	13,690	11,522	17	-	1,223	11,743
Peavine	18,768	-	-	-	18,768	11,691	-	-	-	11,691

Canada - Light
Viking	-	8,655	185	10,827	10,645	-	13,948	187	11,864	16,113
Duvernay	-	2,156	1,699	5,665	4,799	-	868	754	2,283	2,002
Remaining Properties	642	451	542	13,568	3,896	-	658	661	19,001	4,485

United States
Eagle Ford	-	55,249	17,263	102,069	89,523	-	18,010	6,267	34,455	30,020

Total	42,131	66,534	19,733	144,059	152,407	33,502	33,510	7,920	80,017	88,269