Peace River

QUICK FACTS

Land Holdings580 net sections
[500 Peace River; 80 Peavine]
Production (Q3/2022)20,500 boe/d
  • Baytex has been producing in the Peace River area since 1999
  • Heavy oil asset, developed primarily via cold-flow horizontal multi-lateral wells targeting the Bluesky and Clearwater formations. This innovative drilling technique generates strong capital efficiencies
  • Strategic agreements with the Peavine M├ętis Settlement cover 80 sections of land directly to the south of our existing Seal operations.
  • Clearwater production increased to 10,000 bbl/d in October 2022 from 3,150 bbl/d in Q1/2022
  • Ten net Bluesky wells and 33 net Clearwater wells planned for 2023

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