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Baytex Energy Corp BTEGF


Primary Symbol: 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 162,000 net 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 red2000on Aug 11, 2022 11:37am
208 Views
Post# 34888436

RE:RE:RE:RE:RE:ENERCOM PRESENTATION IS A PART OF BAYTEX AUG PRESENTATION

RE:RE:RE:RE:RE:ENERCOM PRESENTATION IS A PART OF BAYTEX AUG PRESENTATIONHi JD !!

Agreed !

They surely base their investment decision to buy these locations between 2004 to 2018 for not only for a better view of the forest !!! ;)

See below an abstract of this news from the sasktoday.ca in june 2018

https://www.sasktoday.ca/south/local-news/raging-river-exploration-to-merge-with-baytex-energy-4121667
Peace River

The Peace River region, located in northwest Alberta, has been a core asset for Baytex since operations commenced in the area in 2004. Through innovative multi-lateral horizontal drilling and production techniques, Baytex’s Peace River properties generate strong capital efficiencies. Baytex’s recent northern Seal well (13-leg multi-lateral) generated a 30-day initial production rate of 900 boepd (facility constrained); a total of 10 wells are anticipated to be drilled in the area in 2018. Production averaged 16,500 boepd (90 per cent heavy oil) in Q1/2018. Baytex has a dominant land position of 725 net sections and an inventory of approximately 350 drilling locations that generate 50 per cent to 75 per cent IRRs at a WTI price of US$65/bbl. Baytex expects to have two rigs running in the second half of the year as it continues to build operational momentum heading into 2019.

This area will see an increased two-rig drilling program through 2019.

As you can see, all that was postponed to 2022 !!! Here we are now ! Just in time for the Show !!!

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