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Peace River
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- Peace River
| Quick Facts | |
|---|---|
| Land Holdings | 560 net sections |
| Production (Q1/2022) | 13,500 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 Métis Settlement cover 80 sections of land directly to the south of our existing Seal operations.
- Drilled 10 Clearwater wells at Peavine in Q1/2022, boosting field production to 8,000 bbl/d (from zero at the beginning of 2021)
- Nine net Bluesky wells and 24 net Clearwater wells planned for 2022
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