March 7 (Reuters) - Baytex Energy Corp BTE.TO :
* Baytex reports 2016 results, strong reserves growth in the Eagle Ford and resumption of drilling activity in Canada
* Q4 FFO per share C$0.36
* Baytex Energy Corp - generated production of 65,136 boe/d (79pct oil and NGL) during Q4
* Baytex Energy Corp- have also initiated 2017 drilling program at Peace River with two rigs currently running
* Baytex Energy Corp - expect to deliver 3-4pct exit rate production growth this year
* Baytex Energy Corp- plan to drill a total of 11 net multi-lateral horizontal wells and 8 net stratigraphic test wells at Peace River in 2017
* Baytex Energy Corp - our 2017 production guidance range is 66,000 to 70,000 BOE/D with budgeted exploration
* Sees 2017 development capital expenditures of $300 million to $350 million
* Baytex Energy Corp - for full-year, approximately 70pct of our planned capital expenditures will be directed to our Eagle Ford operations Source text for Eikon: ID:nCCN7YF5kt Further company coverage: BTE.TO