Baytex is a dividend-paying oil and gas corporation based in Calgary, Alberta. The company, which first began operations in 1993, is engaged in the acquisition, development and production of crude oil and natural gas. Approximately 82% of Baytex's production is weighted toward crude oil and natural gas liquids. Baytex pays a monthly dividend on its common shares which are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.
Baytex continues to demonstrate superior capital and operational efficiencies as we prudently execute our strategy for long-term sustainability. Baytex's three key oil resource plays - the Eagle Ford in Texas, the Peace River Oil Sands and Lloydminster heavy oil - represent three of the highest rate of return projects in North America.
At Baytex, we are committed to a growth and income business model and its three fundamental principles: delivering organic production growth, paying a meaningful dividend and maintaining capital discipline.