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Baytex Energy Corp (BTE.TO)

BTE.TO on Toronto Stock Exchange

4.90CAD
24 Feb 2017
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Fri, Jan 20 2017

BRIEF-BAYTEX ANNOUNCES CLOSING OF PEACE RIVER ACQUISITION

* BAYTEX ANNOUNCES CLOSING OF PEACE RIVER ACQUISITION Source text for Eikon: Further company coverage:

Baytex buying northern Alberta heavy oil assets for C$65 million

CALGARY, Alberta Mid-sized Canadian oil producer Baytex Energy Corp has agreed to buy heavy oil production assets in the Peace River region of northern Alberta in a deal worth C$65 million ($48.35 million), the company said on Tuesday.

Baytex buying northern Alberta heavy oil assets for C$65 mln

CALGARY, Alberta, Nov 22 Mid-sized Canadian oil producer Baytex Energy Corp has agreed to buy heavy oil production assets in the Peace River region of northern Alberta in a deal worth C$65 million ($48.35 million), the company said on Tuesday.

BRIEF-Baytex enters into agreement to acquire heavy oil assets located in Peace River area of northern Alberta

* Entered into agreement to acquire Heavy Oil assets located in Peace River area of northern Alberta,effective Oct 1 for cash consideration of $65 million

BRIEF-Baytex reports Q3 FFO per share c$0.34

* Qtrly production averaging 67,167 boe/d (78% oil and ngl) in Q3/2016, as compared to 70,031 boe/d in Q2/2016

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