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Baytex Energy Achieves Record Production
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Baytex Energy Corp. has reported its operating and financial results for the three and nine months ended September 30, 2013 (all amounts are in Canadian dollars unless otherwise noted).
James Bowzer, President and Chief Executive Officer, said: "We had an exceptional quarter. We grew production in the third quarter by 3% to over 60,000 boe/d as compared to Q2/2013 and 11% as compared to Q3/2012. This represents the highest quarterly production rate in company history. In addition, our funds from operations of $199.3 million represents the highest level of quarterly FFO in company history."
Summary Generated record quarterly production of 60,184 boe/d (89% oil and NGL) in Q3/2013, an increase of 3% over Q2/2013; Continued to progress our thermal development with facility construction on…- ✓ Full news archive — U.S., Canada & international coverage
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