United States

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. 

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-0.03 -1.16%
16 Feb 2018