Drilling & Completions | Rig Count | Production | Proppant | IP Rates-30-Day | Capital Expenditure | Capex Decrease

Baytex Trims Capex for 2017; Shifts Eagle Ford Focus to Oil Window

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Tuesday,August 01,2017

Baytex released its Q2 results and praised its production efforts in Eagle Ford while simultaneously decreasing its capital expenditure guidance from $325 to $350 million to $310 to $330 million or about a -2% change.

Eagle Ford

Baytex directed 76% of its capex toward Karnes County acreage in the Eagle Ford during Q2. The Eagle Ford acreage produced 38,500 boe/d, or an increase of 7% from Q1. The company averaged five rigs with about one to two completion crews.

Baytex has shifted its focus from the condensate window to the oil window in the Eagle Ford. Its three recently completed Karnes County pads (11 wells) located in the oil window of the Longhorn acreage, established 30-day initial production rates of approximately 2,150 boe/d per well. Each pad was completed with 30 frac stages per well and proppant per completed foot of ~1,900 pounds, which is more than double the frac intensity of wells previously drilled in the area. 



Additionally, Baytex had a well cost ranging between $4.7 and 4.9 million, which is slightly below the $5 million cost the company initially assumed in its 2017 budget.

At the end of the quarter, Baytex had 51 (13 net) wells awaiting completion

Murphy Asset

Baytex purchased a Murphy asset earlier in 2017. The company reduced the operating cost 30% and is currently seeing production rates of 3,500 bo/d, up from 3,000 to 3,300 bo/d




Search Data From Baytex Energy Corp. Latest Presentations

Key Slides found in this Presentation
Capital & Finance
        Hedging
        Capital Expenditures
        Net Debt
        Well Economics
        Debt
        Well Economics - Payout
        Rates of Return/ IRR
Data & Charts
        Bar Chart
Geology & Geoscience
        Depth - TVD
Land & Legal
        Locations/Inventory
        Acreage & Land
Maps
        Areas of Operations
        All Maps
        Portfolio Map
        Leasehold Map
Portfolio & Operations
        IP Rates 30-Day
        Drilling Program
        Production Rates
        Drilling - Wells Drilled
        Production Forecast
        Drilling - Rig Count
        Key Wells & Discoveries
        IP Rates
Well Information
        Well Cost
        Frac Design - Frac Stages
        WellBore Design
        Well EUR
        Frac Design - Stage Spacing
        Well Results
        Well Lateral Length
        Well Results/Performance


Related    Second Quarter (2Q) Update News

ad

Eagle Ford Shale News >>>