Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2020 | 2020 Guidance
Baytex Cuts Unconventional Ops in Favor of Heavy Oil for 2020; Talks Q4 Production
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Baytex Energy Corp. reported its year-end 2019 reserves and 2019 fourth quarter and year-end preliminary results (all amounts are in Canadian dollars unless otherwise noted).
The company also provided a more detailed look at its 2020 capital plans.
2020 Plans - Heavy Oil Activity Up; Eagle Ford, Viking, Duvernay DownBaytex's spending and well plans are down slightly for 2020.
The company's East Duvernay asset is seeing the biggest reduction in spending and drilling (down 33% and 25%, respectively). Viking and Eagle Ford spending and wells are also set to drop compared to 2019 levels.
However, the company's Heavy Oil asset will see a jump in spending and drilling activity YOY - up 25% and 69%, respectively.
Production ResultsGenerated production of 96,360 boe/d (83% oil and NGL) during…
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