Exploration & Production | Capital Markets | Capital Expenditure
Baytex Updates Drilling, Production Plans After Aurora Deal Closes
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Baytex Energy Corp. has announced updated guidance for the second half of 2014 that incorporates the acquisition of Aurora Oil & Gas Limited, which was completed on June 11, 2014.
The Aurora acquisition expands our asset portfolio into the Eagle Ford, one of the premier oil resource plays in North America.
James Bowzer, President and Chief Executive Officer, said: "We are pleased to provide our initial guidance following the closing of the Aurora acquisition. Over 90% of our spending in the second half of this year will be directed to our three key oil resource plays which provide some of the highest rates of return in North America. We are well positioned to continue to deliver on our growth and income model."
We continue to execute as planned on our base business of operations with…
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