June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

BRIEF-Baytex reports Q4 FFO per share C$0.36

Published 2017-03-07, 07:43 a/m
© Reuters.  BRIEF-Baytex reports Q4 FFO per share C$0.36
BTE
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.