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Baytex Touts Strong Eagle Ford Performance in 2017; 1,700 BOEPD Avg. IP30
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Baytex has reported its Q4 and full year 2017 results.
Highlights: Generated production of 69,556 boe/d (81% oil and NGL) during Q4/2017, an increase of 7% over Q4/2016, and 70,242 boe/d for full-year 2017, exceeding the high end of guidance, with capital expenditures of $326 million, in line with annual guidance Continued strong performance in the Eagle Ford with wells that commenced production during Q4/2017 representing some of the highest productivity wells drilled to-date with 30-day initial gross production rates of approximately 1,700 boe/d per well. Two wells in our new northern Austin Chalk fracture trend demonstrated 30-day initial gross production rates of approximately 2,400 boe/d per well (89% liquids); Eagle FordWe continue to see strong well performance driven by…
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