Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capex Increase | Drilling Program-Rig Count | Capital Expenditure - 2019
Baytex Ups 2019 Capex by 33%, But Will Spend Extra Funds to Pay Down Debt
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Baytex Energy has revised its 2019 outlook given the recent improvement in commodity prices.
However, it is important to note that the extra $200 million added will be solely allocated to paying down the company's debt.
Revised 2019 Plans- 2019 Capex: $800 million (up +33% from $600 million initially estimated)
Debt Repayment: $200 million (this is where the extra funds are being allocated) Eagle Ford: $200 million Viking: $265 million Duvernay: $65 million- Rigs: 8 rigs running / 3 frac crews
Eagle Ford: 3 rigs running / 1.5 frac crews Viking: 5 rigs running / 1.5 frac crews- Well Plans: 279 net wells planned
Viking: Drill 245 net wells Duvernay: Drill 4 appraisal wells
- 2019 Production: 93,000 to 97,000 boe/d (unchanged from prior…
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