Exploration & Production | Rig Count | Drilling Contractor
Baytex Begins 2014 Lloydminster, Bakken Drilling Program
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Baytex Energy Corp. has reported an operational update.
Commenting on the outlook for 2014, James Bowzer, President and Chief Executive Officer, said: "We are excited to be entering 2014 in what could truly be a break-out year for Canadian heavy oil. Our drilling program is well underway and we are targeting 6% production growth this year. Importantly for Baytex, heavy oil differentials in early 2014 have improved considerably from a year ago."
As we enter 2014, our drilling program is well underway with 15 drilling rigs running in January, including seven in Lloydminster, four in Peace River (two drilling production wells and two drilling stratigraphic wells) and one in North Dakota. Our productive capacity today is approximately 60,000 boe/d, consistent with our full-year 2014…
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