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Peace River
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| Quick Facts | |
|---|---|
| Land Holdings | 562 net sections |
| Production (H1/2021) | 13,711 boe/d |
- Baytex entered the Peace River area in 1999, and has grown production from zero to current rates
- Heavy oil asset, developed primarily via cold-flow horizontal multi-lateral wells targeting the Bluesky formation
- Typical well design is 12 mile-long laterals per well, sometimes augmented with several shorter laterals. This innovative drilling technique generates strong capital efficiencies
- Continue to advance our Clearwater play with five wells on production. Executed second strategic land agreement in August 2021 with the Peavine Métis Settlement; increased land position by a further 20 sections to 80 contiguous sections
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