Baytex Energy (BTE) Announces 2019 Budget

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Go back to Baytex Energy (BTE) Announces 2019 Budget

Baytex Announces 2019 Budget

December 17, 2018 6:30 AM EST

CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (Baytex) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2019 capital budget of $550 to $650 million, which is designed to generate average annual production of 93,000 to 97,000 boe/d.

Commenting on the announcement, Ed LaFehr, President and Chief Executive Officer, said: As we enter 2019, our top priority is disciplined capital allocation across our strong portfolio of assets. We will focus activity on our high return, high netback light oil assets in the Viking and Eagle Ford and we will continue... More