Baytex Energy Corp. is a conventional oil and gas company engaged in the acquisition, development and production of oil and natural gas in the Western Canadian Sedimentary Basin with an emerging presence in the United States. Baytex began as a junior exploration and production company in 1993, converted to a trust in 2003 and converted back to a corporation at year-end 2010 as a result of changes to trust taxation laws in Canada.
Regardless of our structure, Baytex has achieved sector-leading capital efficiencies, an enviable inventory of long-term, low-cost drilling opportunities, a strong and stable balance sheet and long-term outperformance of both our peers and the market.
Baytex is committed to maintaining its production and asset base through internal property development and delivering consistent returns to its shareholders through our sustainable growth-and-income model. Common shares of Baytex are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE. The subscription receipts issued by Baytex to fund a portion of the purchase price for Aurora Oil & Gas Limited trade on the Toronto Stock Exchange under the symbol BTE.R.