Peace River

QUICK FACTS

Land Holdings594 net sections
[514 Peace River; 80 Peavine]
Production (Q1/2023)24,500 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 11,800 bbl/d in Q1/2023 from 3,150 bbl/d in Q1/2022
  • Seven net Bluesky wells and 31 net Peavine Clearwater wells planned for 2023

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