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Baytex Energy Corp (BTE.TO)

BTE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Baytex Reports 26 Pct Increase In Adjusted Funds Flow
Tuesday, 6 Mar 2018 06:30am EST 

March 6 (Reuters) - Baytex Energy Corp ::BAYTEX REPORTS 2017 RESULTS WITH 26% INCREASE IN ADJUSTED FUNDS FLOW, 6% INCREASE IN RESERVES AND STRONG EAGLE FORD PERFORMANCE.BAYTEX ENERGY CORP - GENERATED PRODUCTION OF 69,556 BOE/D DURING Q4/2017, AN INCREASE OF 7% OVER Q4/2016.BAYTEX ENERGY CORP - QTRLY AFFO $0.45 PER BASIC SHARE‍​.BAYTEX ENERGY CORP SEES 2018 PRODUCTION AT 68,000 TO 72,000 BOE/D.BAYTEX ENERGY CORP - SEES 2018 ‍EXPLORATION AND DEVELOPMENT CAPITAL EXPENDITURES OF $325 MILLION TO $375 MILLION​.BAYTEX ENERGY CORP - QTRLY AFFO PER DILUTED SHARE $0.44‍​.  Full Article

Baytex Announces 2018 Budget And Board Succession
Thursday, 7 Dec 2017 06:30am EST 

Dec 7 (Reuters) - Baytex Energy Corp ::BAYTEX ANNOUNCES 2018 BUDGET AND BOARD SUCCESSION.SAYS ITS BOARD HAS APPROVED A 2018 CAPITAL BUDGET OF $325 TO $375 MILLION.- ‍APPROVED A 2018 CAPITAL BUDGET OF $325 TO $375 MILLION​.- ‍TARGETED EXIT PRODUCTION RATE FOR 2018 OF 72,000-73,000 BOE/D​.BAYTEX ENERGY - ‍APPROVED 2018 CAPITAL BUDGET OF $325 TO $375 MILLION, WHICH IS DESIGNED TO GENERATE AVERAGE ANNUAL PRODUCTION OF 68,000 TO 72,000 BOE/D​.  Full Article

Baytex Energy Q3 FFO per share C$0.33
Thursday, 2 Nov 2017 06:00am EDT 

Nov 2 (Reuters) - Baytex Energy Corp :Baytex reports q3 2017 results and board appointment.Q3 FFO per share c$0.33.Baytex Energy Corp - ‍ produced 69,310 BOE/d (80% oil and ngl) in Q3 and 70,473 BOE/d (79% oil and ngl) for first nine months of 2017​.Baytex Energy Corp - ‍ tightened 2017 production guidance range to 69,500 BOE/d to 70,000 BOE/d despite impact of Hurricane Harvey in Q3​.‍tightened 2017 production guidance range to 69,500 to 70,000 BOE/d​.Baytex Energy Corp - ‍ maintaining our capital budget guidance at $310 million to $330 million​.  Full Article

Baytex provides update on impact of Hurricane Harvey
Monday, 11 Sep 2017 05:00pm EDT 

Sept 12 (Reuters) - Baytex Energy Corp :Baytex provides update on impact of Hurricane Harvey.Baytex Energy Corp - ‍With very little damage to production facilities on Baytex lands, production in Eagle Ford steadily increased.Baytex Energy Corp - Are currently producing at or near full capacity compared to pre-Hurricane Harvey levels​.Baytex Energy Corp - Estimate impact on our Q3 production to be approximately 2,500 boe/d​.Baytex Energy Corp - ‍As a result, we are maintaining annual production guidance of 69,000 to 70,000 boe/d​.  Full Article

Baytex temporarily shuts in Eagle Ford production due to Hurricane Harvey
Monday, 28 Aug 2017 05:00pm EDT 

Aug 29 (Reuters) - Baytex Energy Corp :Press release - Baytex temporarily shuts in Eagle Ford production due to Hurricane Harvey.Says ‍decision was driven by a number of factors including safety of operating personnel and availability of downstream markets​.Says its ‍Houston office was also evacuated​.Baytex Energy Corp - ‍Expect to increase production throughout week​.Baytex Energy - As of August 28, 2017, field operations at Eagle Ford are being inspected & drilling & completion operations are expected to resume this week.Baytex Energy Corp - ‍Safe start-up of field operations has begun and will be balanced with market access​.Says ‍there is currently a limited ability to produce as downstream markets are closed or significantly curtailed​.  Full Article

Baytex reports Q2 FFO per share c$0.35
Tuesday, 1 Aug 2017 06:00am EDT 

Aug 1 (Reuters) - Baytex Energy Corp :Baytex reports solid Q2 2017 results with 5 pct production growth and strong Eagle Ford performance.Q2 FFO per share c$0.35.Says production of 72,812 BOE/D (79 pct oil and NGL) during Q2/2017, an increase of 5 pct from Q1/2017 and 12 pct from Q4/2016.Says tightened 2017 production guidance range to 69,000 to 70,000 BOE/D.Sees 2017 exploration and development capital expenditures to $310 to $330 million.  Full Article

Baytex Energy says estimate production in first half of this year to be 70,900 boe/d
Monday, 26 Jun 2017 05:00pm EDT 

June 26 (Reuters) - Baytex Energy Corp ::Baytex provides operational update - Q2 2017 production up 5%.Baytex Energy - based on field estimates for June, average production during Q2 is estimated at 72,500 boe/d representing a 5% increase over q1/2017.Baytex Energy Corp says estimate our production in first half of this year to be 70,900 boe/d.Baytex Energy Corp - ‍for second half of 2017, co entered into hedges on approximately 48% of net wti exposure with 9% fixed at us$54.46/bbl​.During Q2, exploration and development capital expenditures are estimated at $78 million.Baytex Energy Corp - in Canada, q2/2017 production is estimated at 34,000 boe/d, an increase of 2% over q1/2017.Baytex Energy Corp says have elected to maintain 2017 production guidance at 68,000 to 70,000 boe/d.Baytex Energy Corp - production from eagle ford area properties during q2/2017 is estimated at 38,500 boe/d, an increase of 7% over q1/2017.Baytex Energy Corp says net debt totaled approximately $1.9 billion at may 31, 2017.Maintaining our capital budget guidance at $325 to $350 million for 2017.  Full Article

Baytex Q1 FFO per share $0.35
Thursday, 4 May 2017 04:30pm EDT 

May 4 (Reuters) - Baytex Energy Corp :Baytex Q1 2017 production increases 6%.Qtrly FFO per share $0.35.Baytex Energy Corp - generated production of 69,298 boe/d (79% oil and ngl) during Q1/2017, an increase of 6% from Q4/2016.Baytex Energy Corp - in quarter, produced 36,081 boe/d in Eagle Ford,increase of 8% from Q4/2016, and 33,217 boe/d in Canada, an increase of 5% from Q4/2016.Baytex Energy Corp qtrly petroleum and natural gas sales $260.5 million versus $233.1 million last quarter.  Full Article

Baytex reports Q4 FFO per share C$0.36
Tuesday, 7 Mar 2017 07:30am EST 

Baytex Energy Corp : Baytex reports 2016 results, strong reserves growth in the Eagle Ford and resumption of drilling activity in Canada . Q4 FFO per share C$0.36 . Baytex Energy Corp - generated production of 65,136 boe/d (79pct oil and NGL) during Q4 . Baytex Energy Corp- have also initiated 2017 drilling program at Peace River with two rigs currently running . Baytex Energy Corp - expect to deliver 3-4pct exit rate production growth this year . Baytex Energy Corp- plan to drill a total of 11 net multi-lateral horizontal wells and 8 net stratigraphic test wells at Peace River in 2017 . Baytex Energy Corp - our 2017 production guidance range is 66,000 to 70,000 BOE/D with budgeted exploration . Sees 2017 development capital expenditures of $300 million to $350 million .Baytex Energy Corp - for full-year, approximately 70pct of our planned capital expenditures will be directed to our Eagle Ford operations.  Full Article

BAYTEX ANNOUNCES CLOSING OF PEACE RIVER ACQUISITION
Friday, 20 Jan 2017 05:08pm EST 

Baytex Energy Corp :BAYTEX ANNOUNCES CLOSING OF PEACE RIVER ACQUISITION.  Full Article

Canada's Baytex to buy oil producer Raging River for C$2.8 billion

Baytex Energy Corp will buy rival Raging River Exploration Inc for C$2.8 billion ($2.13 billion), the Canadian oil and gas producer said on Monday, becoming the latest company to bet big on Canada's vast shale reserves.