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Baytex Sets Up Bakken, Alberta Wells in Q2; Hits Production Record
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Baytex Energy Corp. has reported its operating and financial results for the three and six months ended June 30, 2013 (all amounts are in Canadian dollars unless otherwise noted).
Commenting on the results, James Bowzer, President and Chief Executive Officer of Baytex, said: "Our operational execution remains on track. We grew production in the second quarter by 12% to over 58,000 boe/d, which represents the highest quarterly production rate in company history. Our funds from operations of $155.8 million represents the second highest level of quarterly FFO."
Summary: Produced a record 58,236 boe/d (87% oil and NGL) in Q2/2013, an increase of 12% over Q1/2013; Generated funds from operations (FFO) of $155.8 million ($1.26 per basic share) during Q2/2013, an increase of 53% over…- ✓ Full news archive — U.S., Canada & international coverage
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