|Baytex Energy Corp. - BTE.t is an oil and gas corporation 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.|
Approximately 78% of Baytex's production is weighted toward crude oil and natural gas liquids.
On June 26, 2017 the company reported News
Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) is pleased to provide an update on our operational progress during the second quarter of 2017 in accordance with our business plan. Based on field estimates for June, our average production during Q2/2017 is estimated at 72,500 boe/d representing a 5% increase over Q1/2017. We estimate our production in the first half of this year to be 70,900 boe/d. During the second quarter, exploration and development capital expenditures are estimated at $78 million, bringing the aggregate spending in the first half of 2017 to about $174 million.