Baytex Energy Corp T.BTE

WTI or WCS

[Wildfury]

Anyone know what Baytex gets for their oil production as far as pricing goes ? Is it based on WTI or WCS  prices. You hear about the spread between the two which is around $20 which is quite large. Another fact is that the oil sands need extra refining , thus the discount . Baytex is not an oil sands producer but they do produce heavy oil and I'm curious to know if Baytex is subject to discounts on that heavy oil production .

[Drifter133]

34% WCS I believe but sure Red or Bay are on top of exact prices

[65F09A]

26% Heavy Oil.

[65F09A]

The last numbers I saw were 82% liquids and 18% NG. Liquids: 47% light/condensate 26% heavy 9% NGL

[HighOctane89]

As a rule of thumb you can say their Eagle Ford production would get WTI and HH nat gas prices . BTE produces various oil grades (Cdn) including heavy oil from Clearwater that don't need condensate dilution which makes it more economical/profitable and easier to transport . Oilsand production (bitumin) is more viscus and requires the addition of condensate to flow in a pipeline , bitumin is

[HighOctane89]

One more point in this regard Wildfury , oilsand production requires nat gas to generate steam and power which increases costs when nat gas prices rise . BTE on the other hand produces nat gas so any increase in nat gas prices are a benefit to BTE in increased FCF .