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BTE - Baytex Energy: Low Cost High Performing East Duvernay Well Results
Baytex Energy Corp
Baytex (BTE), a small/mid-cap oil and gas E&P with assets in the US and Canada, recently released its quarterly report. In addition to a conservative capital budget and free cash flow generation, Baytex highlighted well results from its emerging East Duvernay shale play near the top of its announcement:
"In addition, we are pleased to announce further exploration success in the East Duvernay shale with our (14-31) well brought onstream June 27. The well has generated a 30-day initial production rate of 1,360 boe/d (76% liquids). This successful result in conjunction