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Baytex Increases Production 56% Over 2013
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Baytex Energy Corp. has reported its operating and financial results for the three and nine months ended September 30, 2014 (all amounts are in Canadian dollars unless otherwise noted).
Commenting on the results, James Bowzer, President and Chief Executive Officer, said: "Our third quarter results reflect a strong contribution from our Eagle Ford assets, which has resulted in record production and funds from operations. Our operating results to-date in the Eagle Ford have exceeded our initial expectations with individual well performance from wells drilled in 2014 outperforming the type curves upon which our acquisition evaluation was based. Reflective of our strong operating results, we are increasing our production guidance by 5% for the second half of 2014 with an unchanged exploration…
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