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Baytex Energy Corp.

Peace River

  

Peace River Map

Quick Facts
Land Holdings 725 net sections
Production (Q3/2018) 18,000 boe/d
  • Baytex entered the Peace River area in 1999, and has grown production from zero to current rates
  • On January 20, 2017, Baytex completed a strategic acquisition in the Peace River area which more than doubled the land base and increased inventory by 75%
  • Heavy oil asset, developed primarily via cold-flow horizontal multi-lateral wells targeting the upper portion of the Bluesky formation
  • Typical well design is 12 mile-long laterals per well, sometimes augmented with several shorter laterals
  • Average well cost is $2.6 million with IP30 rates of approximately 300-400 boe/d
  • Annual capital efficiency is approximately C$12,000/boe/d

Multi-lateral Well

  

Explore Our
Operations

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

Understanding
Heavy Oil

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


Learn More

Understanding Heavy Oil