Baytex Energy Corp T.BTE

2nd clearwater rig spudding

[perstrudent]

Baytex firing up its 2nd rig back on original 5-33 discovery pad.

[BayStreetWolfTO]

I think we see some good activity and price movement based on Clearwater activity. 100/13-27 with the 8 lats hit 695 IP-30 off pad 5-33 Wells #1 and #2 were 2 lats Looking forward to Baytex news and of course Q4 results coming.

[perstrudent]

Yes if i recall they were testing water vs oil based mud systems the first few wells on that pad as well. I think they got technique down and just in development mode now....just under 2 weeks a well..with 2 rigs will be a well a week...should see quite a jump in production in coming months.... although I do expect this to be offset by a decline in eagleford production with barely any wells

[red2000]

Hi Perstrudent and  BSW ! Thank's for sharing this information, I try to found where the wells are in the clearwater county territory. I try with this interactive map : https://boereport.com/well-map/ Do you have something more accurate !!? Many Thank's for your help !

[perstrudent]

https://caodc.ca/drilling_rig_map

[Maxmoe]

Look at you go! What, with the interesting relevant company specific information. What a breath of fresh air. 5 thumbs up if I could, but I just have the one alias.

[perstrudent]

I do apologize yesterday I mentioned that BTE was spudding a clearwater in ehart of its seal land again...it looks like on license they are drilling that to bluesky not clearwater. They never mentioned any plans for bluesky in guidance just clearwater so I assumed, but I guess they are grouping the 2 areas together now.

[BayStreetWolfTO]

See attached 

[Drifter133]

Looking at all the rigs in clearwater area and lack of timely updates on Baytex's production flows, I'm wonder whether these companies play a cat and mouse hidding progress in the differant area's? Seem's more and more rigs are moving towards Baytex's drilling and Baytex may want to hide as long as possible?

[BayStreetWolfTO]

Data is power. Sometimes it's best to keep your cards hidden.  Especially given the high interest in the area. Lots of activity.  You don't want to risk upside potential opportunities especially with some of the most economical lands in North America 

[Drifter133]

Yes Bay, I defiantly believe some of that is happening along with methods / technique and what not. Sure Baytex holds off posting progress as long as possible because of the competition

[BayStreetWolfTO]

9 net Bluesky multilateral wells are planned for 2022, 18 Clearwater wells at Peavine are planned for 2022

[alkhor]

Isn't Clearwater the name of the field and Bluesky is the name of the formation they are drilling down to?

[BayStreetWolfTO]

Harmon beside Seal...Clearwater to the south. Baytex does report separately but lots of activity Peavine and Harmon I just lump it all and call it Clearwater technically all in the Clearwater cold flow trend