• Baytex Energy Corp.
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  • Baytex Energy Corp.
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  • Baytex Energy Corp.
Baytex Energy Corp.

Baytex Vision


Our vision is to be a top tier North American oil producer focused on per share value creation.

Disciplined growth and return of capital to shareholders

  • Target 10-15% annual total return to shareholders
  • Self funded business model focused on per share growth
  • Target net debt to adjusted funds flow ratio of < 1.5x
  • Consider share buyback and/or reinstating dividend at the appropriate time

Build on strong asset quality

  • Liquids weighting > 80%
  • Operated production > 80%
  • Long-term decline rate < 30%
  • Target accretive acquisitions
  • Focus on "next play" capture


Explore Our

Our operations are organized into Canadian Heavy Oil, Canadian Light Oil and Gas and United States business units.

Operations Map

Operations Map
Responsible Development

Baytex Energy’s Good Neighbour program is a company-wide program that focuses on being a welcomed neighbour in the communities in which we operate.

Good Neighbour Program

Heavy Oil

Learn more about the
business of heavy oil in our marketing section.

Learn More

Understanding Heavy Oil