Baytex Energy Corp T.BTE

ATTN Kelvin: Eagleford break even costs.

[HeavyBanana]

Directly from Brian Ector this morning.

"Hi xxxxxxxxx, our average break-even WTI price is in the range of US$40 to US$45 WTI for the individual wells in our Eagle Ford Drilling program. We are on track to achieve our 8% targeted reduction in DCET costs with an average well cost of ~ US$10.5 million (9,800 feet completed lateral length). In aggregate, we expect to bring approximately 62 net wells onstream in 2024, including 49 net operated wells.

[HeavyBanana]

This is how I framed the question to which his reply addresses. "Hi Brian   Are you able to provide the current break even costs per barrel coming out of the Eagleford acreages?   The company has provided guidance on targeted cost reductions and I would like to get a grasp on where we started for 2024 and where we currently stand as it pertains to the Eagleford program. &

[Kelvin]

Thsnks very much HeavyBanana. That is very useful info! So their Eagle Ford netbacks are in the $40 USD per barrel range. Pretty good! They want to work it down another 8% So we should see a ramping up of sp over the next few months. And I was thinking of buying put options. Lol. Not now!

[HeavyBanana]

No problem Kelvin. Simple and direct Q&A that puts to rest your conjecture from the other day. " The rally won't be sustained if Eagle Ford breakeven costs are too high or if they get cute in how they report those costs trying to obfuscate the reality with BS language that the uninfiormed pumpers wilk latch on to arher than enlighten people with the real deal. No I'm not a

[Kelvin]

Yes I was worried that the refracs wouldn't work out so well. How many have they done so far I wonder. Anyway looks like they're doing the right things. I read that Eagle Ford has about 25% clay in some areas. If it's clay minerals that react eith water then they'll swell up when in contact with water and block flow paths. I thought that might be an issue. I'm glad that it'