What does Baytex Energy do?
Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. 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.
Why is baytex dropping?
Baytex Energy (TSE:BTE) suspended its monthly dividend and projected a cut in its capital program next year as the Canadian heavy-crude producer is grappling with protracted oil price weakness. Shares tumbled.
Who is the biggest oil company in Canada?
The 5 largest companies (Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky and Cenovus) are responsible for over half of crude oil production in Canada. Crude oil is produced across the country from coast to coast to coast. In 2019, Alberta had the highest amount of crude oil production in Canada.
Is Suncor the largest oil company in Canada?
The two largest (Suncor and CNRL) are 2 of the 11 most valuable Canadian companies (April 2013). 2,412 oil and gas companies are based in Calgary, Alberta alone.
What kind of company is Baytex Energy Corp?
Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. 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.
When did Baytex Energy take over Burmis Energy?
History. In April 2008 it completed a $181 million takeover of Burmis Energy Inc, a Calgary-based oil and natural gas producer (72% of production was natural gas) that was nine times smaller than Baytex at the time. The deal gave Baytex control of the Seal heavy oil property in Alberta and increased daily production by 3,650 boe.
How many barrels of oil does Baytex Energy have?
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. 2P reserves totalled 197 million barrels of oil equivalent at the end of 2009.
When did Baytex Energy acquire Aurora Oil and gas?
In 2011 and 2016, respectively, Baytex acquired “heavy oil assets located in the Reno and Seal areas of its northern Alberta Peace River area.” In June 2014 Baytex acquired Aurora Oil & Gas Limited, which led to its significant new position in the EagleFord shale oil play in Texas.
