Operator · Canada Oil Sands & Viking Play
Baytex Energy Corp.
80 articles mentioning Baytex Energy Corp. · Page 1 of 4
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures of $550–$625 million (midpoint $587.5 million) to generate...
Baytex Sells Eagle Ford to Re-Weight the Portfolio to Canada
Baytex Energy has announced a major portfolio shift: the Company is divesting its entire U.S. Eagle Ford position for US$2.305 billion in cash to an undisclosed buyer. The transaction represents a clear strategic pivot toward a...
Refracs That Compete: Eagle Ford Wells Return to Life
Baytex’s Eagle Ford asset — long a cash-flowing foundation of its portfolio — is entering a new phase of productivity thanks to a smart, highly efficient refrac strategy that’s beginning to outperform expectations. Successful Refrac Program...
Baytex Energy Corp. First Quarter 2023 Results
Baytex Energy Corp. First Quarter 2023 Results. Highlights Entered into an agreement to acquire Ranger Oil Corporation ("Ranger") for approximately US$2.5 billion. Generated production of 86,760 boe/d (84% oil and NGL) in Q1/2023, a 7% increase...
2022 Guidance Growth: Several Operators Bolster Capex, Production Outlook
In response to the skyrocketing oil demand and D&C activity seen in 1Q22, several E&Ps have added additional capital to their 2022 budgets. A few E&Ps have also adjusted production guidance expectations or drilling plans, increasing...
Baytex Energy First Quarter 2022 Results; Adds $100MM to Budget
Baytex Energy Corp. reports its operating and financial results for the three months ended March 31, 2022 (all amounts are in Canadian dollars unless otherwise noted). Ed LaFehr, President and Chief Executive Officer, said: “We remain...
Baytex Energy Second Quarter 2021 Results
Baytex Energy Corp. reported its Q2 2021 results (all amounts are in Canadian dollars unless otherwise noted). Ed LaFehr, President and Chief Executive Officer, said: "During the second quarter, we delivered strong operating results and substantial...
Baytex Energy First Quarter 2021 Results
Baytex Energy Corp. reported its Q1 2021 results. Ed LaFehr, President and Chief Executive Officer, said: "We delivered strong first quarter production and free cash flow as we accelerate our deleveraging strategy. At current commodity prices,...
Baytex Cuts Spending for 2021, Plans 168 Completions (+11% YOY); 2020 Results
Baytex Energy Corp. reported its 2021 capital plan and Q4 / full year 2020 results (all amounts are in Canadian dollars unless otherwise noted). 2021 Plan - Capex: $225-275 million - down 11% at the midpoint...
Canadian E&P to Increase Drilling by 74% In 2021; 130 Wells
Baytex Energy Corp. has approved a 2021 capital budget of $225 to $275 million (down 9% at the midpoint from 2020). While spending is slightly declining YOY, the company plans to drill 51 more wells (+74%)...
Baytex Energy Third Quarter 2020 Results
Baytex Energy Corp. reported its Q3 2020 results (all amounts are in Canadian dollars unless otherwise noted). Ed LaFehr, President and Chief Executive Officer, said: "We have made tremendous progress to re-set our business in the...
Baytex Energy Adds Clean Energy Exec to Board
Baytex Energy has reported the appointment of Steve Reynish as a director of Baytex. About Reynish Mr. Reynish is currently the President and Chief Executive Officer of Enlighten Innovations, a private Calgary based clean energy technology...
Baytex Energy Second Quarter 2020 Results
Baytex Energy Corp. reported its Q2 2020 results (all amounts are in Canadian dollars unless otherwise noted). Ed LaFehr, President and Chief Executive Officer, said: “During the second quarter we took decisive steps to adjust our...
Baytex Puts 80% of Curtailments Online; Canada Heavy Oil Remains Shut-In
Baytex Energy Corp. has initiated the resumption of previously shut-in crude oil production as well as reiterated its 2020 plans. Curtailments - Bringing 80% Back Online Earlier this year, Baytex had voluntarily shut-in approximately 25,000 BOEPD...
Baytex Energy First Quarter 2020 Results
Baytex Energy Corp. reported its Q1 2020 results (all amounts are in Canadian dollars unless otherwise noted). Ed LaFehr, President and Chief Executive Officer, said: "As an industry, we are facing an unprecedented challenge due to...
Baytex Out of NYSE Compliance
Baytex Energy Corp. received notice that it is no longer in compliance with one of the NYSE’s continued listing standards because the average closing price of Baytex’s common shares was less than US$1.00 per share over...
Canadian E&P Immediately Suspends Drilling of 200 Wells
Baytex Energy Corp. has announced that, in light of the current prices, it is taking the following measures. "We are immediately suspending drilling operations in Canada. As a result, we expect to forgo drilling 43 net...
Baytex Energy Reports Fourth Quarter Results; Reaffirms 2020 Plan
Baytex Energy Corp. reports its operating and financial results for the three months and year ended December 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). Ed LaFehr, President and Chief Executive Officer said:...
Baytex Cuts Unconventional Ops in Favor of Heavy Oil for 2020; Talks Q4 Production
Baytex Energy Corp. reported its year-end 2019 reserves and 2019 fourth quarter and year-end preliminary results (all amounts are in Canadian dollars unless otherwise noted). The company also provided a more detailed look at its 2020...
Baytex Ups 2020 Canada Activity; Cut Eagle Ford
Baytex Energy provided and look into its 2020 plans. Below is a year over year comparison. As you might remember, Baytex has a non-operated position in the Eagle Ford. The aacreage is operated by Marathon Oil,...