Overview
Type
Public Corporation/institution
Revenue
$1,356.29 million
Headquarters
Calgary, Alberta
Category
Top-Tier North American Oil Producer
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. Approximately 83% of Baytex's production is weighted toward crude oil and natural gas liquids. Baytex's common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE. Baytex Energy Corp. is a dividend-paying oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, Baytex Energy Corporation explores for and produces oil and natural gas. The Company operates in the Western Canadian Sedimentary Basin and in the United States. 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. Approximately 83% of Baytex's production is weighted toward crude oil and natural gas liquids. Baytex's common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE. Nowhere near a body of water or Texas, Baytex (formerly Energy Trust) dips deep into interests in oil, natural gas liquids (NGLs), and natural gas operations in Alberta, British Columbia, and Saskatchewan. It has two main divisions: the heavy oil segment, which accounts for about 61% of Baytex Energy's daily production, and the conventional oil and gas segment, which produces light and medium gravity crude oil, natural gas, and NGLs. It also has assets in the US. The company has proved and probable reserves of more than 18 million barrels of oil equivalent. In 2011 Baytex changed from an investment trust to a corporation to secure better financial returns following a change in tax law. Baytex engages in the acquisition, development, and production of oil and natural gas in North America, primarily in the Western Canadian Sedimentary Basin. In Canada, it owns heavy oil assets (Peace River, Lloydminster), plus conventional oil and natural gas assets to the west of the country. In the US, Baytex has presence in the Texas Eagle Ford. The company has an average production of some 97,680 boe/d, and a proved or probable reserve of approximately 40 Mmboe. Baytex was incorporated in 1993. Some 60% of the company's total revenue comes from Canada. Try D&B Hoovers Free Baytex engages in the acquisition, development, and production of oil and natural gas in North America, primarily in the Western Canadian Sedimentary Basin. In Canada, it owns heavy oil assets (Peace River, Lloydminster), plus conventional oil and natural gas assets to the west of the country. In the US, Baytex has presence in the Texas Eagle Ford. The company has an average production of some 97,680 boe/d, and a proved or probable reserve of approximately 40 Mmboe. Baytex was incorporated in 1993. Some 60% of the company's total revenue comes from Canada.
