Approximately 83% of our production and reserves are derived from crude oil and liquids. The deal gave Baytex control of the Seal heavy oil property in Alberta and increased daily production by 3,650 boe. The deal which included properties near Lloydminster and Kerrobert, Saskatchewan (heavy oil) and also central Alberta (natural gas) increased production and cash flow by 7% and 6% respectively. [13] Baytex has chosen not to expend the money installing these systems on the 86 super-heated oil sands processing tanks in the area despite reporting a record 200% rate of return on investment. See insights on Baytex Energy including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Our crude oil and natural gas operations are organized into five main operating areas: Peace River, Lloydminster, Viking, Duvernay and the Eagle Ford. Baytex Energy Corp. is a Calgary-based[3] Canadian producer, developer and explorer of oil and natural gas. Regulations have not been developed for the CHOPS method of oil sands production being used by Baytex. View our most recent presentationClick to view Events and Presentations », Learn more about our core resource plays.Explore Baytex Operations », View Reports and Filings:Reports & Filings», Read the report here: View the Report ». Baytex’s portfolio is 79% oil and liquids with the remaining 21% natural gas. Click on the map to learn more about our core areas. Director, Information Technology & Informatio... Baytex Energy’s headquarters are in 2800, 520 - 3rd Ave SW, Calgary, Alberta, T2P 0R3, Canada, Baytex Energy’s phone number is (587) 952-3000. In Jan 19, 2006, Baytex Energy Trust announced that the New York Stock Exchange had cleared Baytex to file an Original Listing Application to list its trust units on the NYSE. The Eagle Ford in Texas represents approximately 41% of our production. Because emissions from these tanks are known to cause health effects and affect air quality other companies like Penn West Petroleum use fully closed vapour recovery systems. Use the PitchBook Platform to explore the full profile. [21], Canadian Light and Medium Oil and Gas[23] (less than 290,000 acres of undeveloped land, produced at an average rate of 15,063 boe/d in 2009, 56.6% natural gas), Penn West was one of a group of oil and gas producers which also included Advantage, ARC Energy, Baytex Energy, Bonavista Energy, Bonterra, Canadian Oil Sands, Crescent Point Energy, Daylight Resources, Enerplus Resources, Enterra, Fairborne Energy, Freehold Royalty, NAL Oil & Gas, Paramount, Pengrowth, Penn West Exploration, Peyto Energy, Progress Energy, Provident Energy, Trilogy, Vermillion Energy and Zargon Energy who did not pay "federal income taxes if they distributed their income to shareholders. "[24][25], "The resulting double-digit dividend yields grabbed dividend investors’ attention in the mid-2000s. Eventually the government cracked down and starting in 2011, trusts were required to pay the same taxes as regular corporations. Several Peace River farming families have complained about "tar and solvent-like odours and emissions associated with heavy-crude operations across the region" after Baytex Energy began production. In February 2011 it completed a $156.5 million deal with a private company for heavy oil assets in Saskatchewan (near Seal Lake and Lloydminster). Baytex Announces Second Quarter 2020 Financial and Operating Results CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three and six months ended June 30, 2020 (all amounts are in Canadian dollars unless otherwise noted). That is why Baytex is not technically violating any laws by open venting its bitumen processing tanks. The Alberta Energy Regulator and Energy Minister Ken Hughes have publicly expressed concern about Baytex's conduct and have emphasized that the impacts being caused by Baytex are out of the ordinary. How many employees are working in Baytex Energy? Baytex Energy Corp. is a Calgary-based Canadian producer, developer and explorer of oil and natural gas.Formerly a trust, it converted to a corporation January 2011 because of government changes to tax incentives. [15] Yet Baytex continues to produce in open vented tanks and several families remain out of their homes. Baytex was over 40%-owned by institutional investors in late 2013, including four of the big five Canadian banks and the Quebec Public Service Employees pension fund. 22nd decision to put a moratorium on further drilling by Baytex in the Reno field was "unprecedented." The families who had all originally welcomed the energy projects onto their land report "more than two years of health effects, including severe headaches and dizziness, sinus and other medical problems", according to their lawyer Keith Wilson. [14] The Alberta Government has expressed serious concerns about what Baytex is doing and has taken the unprecedented step of not only not allowing Baytex any new well licences in the area and but has also convened a public inquiry. Baytex Energy is in the industry of: Electricity, Oil & Gas, Energy, Utilities & Waste Treatment, Petrochemicals. Baytex Energy’s official website is www.baytexenergy.com. [5], In 2014 Baytex 52-week high was $49.88 and its 52-week low was $14.56. Who are Baytex Energy’s main competitors? The company began trading on the NYSE in March 27. What companies has Baytex Energy acquired? Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. From a purely market point of view, Baytex VP Brian Ector, notes their high capital efficiency, high rates of return projects has been successful for shareholders. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. [1] Light and medium oil (oil with an API gravity over 22.3 degrees) makes up a growing part of its reserve base. Interested parties can listen to the webcast and view the presentation slides via the following URL: Baytex Announces Second Quarter 2020 Financial and Operating Results, Baytex Conference Call and Webcast on Second Quarter 2020 Results to be Held on July 30, 2020, Baytex to Present at TD Securities 2020 Virtual Energy Conference. [8] Many key heavy oil and natural gas assets were purchased from True Energy Trust in the summer of 2009 for US$79.9 million (when the US:Cdn exchange rate was 1:1.164). ", On January 1, 2011, Penn West converted from a CANROY to a conventional corporation. You will indemnify and forever save harmless Baytex, its subsidiaries and affiliates and their respective directors, officers, employees, servants or agents from any damages arising out of any breach by you of the foregoing warranties and representations. [3][19], There are 5 principal subsidiaries that the company operates through; Baytex Energy Ltd., Baytex Energy Partnership, Baytex Energy Oil & Gas Ltd and Baytex Energy (USA) Ltd.[20] 2P reserves totalled 197 million barrels of oil equivalent at the end of 2009. CALGARY, Alberta, July 06, 2020 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (TSX, NYSE: BTE) is pleased to announce that Edward LaFehr, President and CEO, will be presenting at the TD Securities 2020 Virtual Energy Conference on Wednesday July 8, 2020 at 3:35 pm EDT. [6], For fiscal 2016 total production was 69,300 US bbl/d (8,260 m3/d, flat to the year before. [12]. Baytex’s crude oil and natural gas operations are organized into Canadian Heavy Oil, Canadian Light Oil and Gas and United States business units.

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