Baytex Energy
 |
|
| Public | |
| Traded as | : BTE : BTE |
| Industry | Petroleum industry |
| Founded | 1993 |
| Headquarters | Calgary, Canada |
|
Key people
|
Raymond Chan (Executive Chairman) James Bowzer (President and CEO) |
| Products | Heavy crude oil, Light crude oil, Natural Gas |
| Revenue |
C$852.74 (2010) 24% |
|
C$177.63 million (2010)103% |
|
| Total assets |
C$2.047 billion dec 2010
|
| Total equity |
C$1.029 billion dec 2010
|
|
Number of employees
|
229 2014 |
| Divisions | 5 |
| Website | www |
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. Through its subsidiaries, Baytex is "engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (in the provinces of British Columbia, Alberta and Saskatchewan) and in the United States (in the states of North Dakota and Wyoming)."Heavy oil makes up 67% of production and 70% of reserves. Assets in Alberta and British Columbia are within the Western Canadian Sedimentary Basin. 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.
For fiscal 2010 total production was 44,341 US bbl/d (5,287.2 m3/d, 53% from Alberta), 7% higher than the year before (with a high of over 45,015 US bbl/d (5,367.6 m3/d in the fourth quarter); for the year heavy oil made up 67% of production with the rest split between light oil and natural gas (16% each). Light and medium oil (oil with an API gravity over 22.3 degrees) makes up a growing part of its reserve base.
In 2011 Baytex acquired "heavy oil assets located in the Reno area of northern Alberta and the Lloydminster area of western Saskatchewan."
By 2014 Baytex was producing about 26,000 US bbl/d (3,100 m3/d) at Seal near Peace River, 18,000 US bbl/d (2,100 m3/d) at Lloydminster and an anticipated 24,700 US bbl/d (2,950 m3/d) in Eagle Ford.
In June 2014 Baytex acquired Aurora Oil & Gas Limited.
In 2014 Baytex 52-week high was $49.88 and its 52-week low was $14.56.
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Wikipedia