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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

Post by andy604on Sep 12, 2024 3:48am
184 Views
Post# 36219798

WCS Crude holds steady, good read

WCS Crude holds steady, good read
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened slightly on Wednesday:

 

* WCS for October delivery in Hardisty, Alberta, settled at $13.65 a barrel below WTI, according to brokerage CalRock, having settled at $13.80 a barrel under the benchmark on Tuesday.

* Canadian heavy crude prices are holding relatively steady so far this month, while volatile moves in the global WTI market have driven down the outright price of WCS, which was just under $54 a barrel.

* Global oil prices climbed more than 2%, driven by fears of lengthy production shutdowns in the U.S. offshore oil patch, which Hurricane Francine was barreling through on the way to landfall in Louisiana.

(Reporting by Nia Williams in British Columbia; Editing by Alan Barona)


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