March 3 (Reuters) - Baytex Energy Corp BTE.TO :
* Reports 2015 results, strong reserves growth in the Eagle Ford and revised
2016 budget
* Q4 FFO per share C$0.44
* Says production of 81,110 boe/d (81% oil and ngl) during q4/2015
* Generated production of 81,110 boe/d (81% oil and ngl) during q4/2015
* Says production during the first quarter of 2016 is expected to average
73,000 to 75,000 boe/d
* Reducing 2016 exploration,development capital budget to $225 to $265 million,
a 33% reduction from initial expectations
* Says revised production guidance range for 2016 to 68,000 to 72,000 boe/d
* Reducing our 2016 exploration and development capital budget based on current
commodity price environment"
* Says proactively shutting-in approximately 7,500 bbl/d of low or negative
margin heavy oil production
* Source text for Eikon ID:nMKWBFKXfa
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