Baytex Provides Update on the Impact of the Alberta Wildfires
Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is providing an update on the impact of the wildfires in Alberta to its operations. As a result of the shut-in of third-party infrastructure in west-central and northwest Alberta, approximately 10,000 boe/d (70% crude oil) of sales volumes has been curtailed since the evening of May 5, 2023. Currently, approximately 60% of the curtailed volumes remain on-line and are producing into...
2023-05-08 1:05 PM EDT
Baytex Announces First Quarter 2023 Results
Calgary, Alberta--(Newsfile Corp. - May 4, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months ended March 31, 2023 (all amounts are in Canadian dollars unless otherwise noted). "We continued to deliver on our operating and financial targets in the first quarter, which included strong results from our Peavine Clearwater development. We continue to make significant progress on the Ranger acquisition, which materially...
2023-05-04 5:00 PM EDT
Baytex Conference Call and Webcast on First Quarter 2023 Results to Be Held on May 5, 2023
Calgary, Alberta--(Newsfile Corp. - April 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its 2023 first quarter financial and operating results after the close of markets on Thursday May 4, 2023. A conference call and webcast will be held on Friday May 5, 2023 to discuss the results: Date: Friday May 5, 2023 Time: 9:00 a.m. MDT (11:00 a.m. EDT) Dial-in: 1-416-915-3239 (Toronto Local and International) 1-800-319-4610 (North America Toll-Free) Webcast:...
2023-04-27 5:00 PM EDT
Baytex Announces Closing of US$800 Million Private Offering of Senior Notes
Calgary, Alberta--(Newsfile Corp. - April 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today the closing of its private offering (the "offering") of US$800 million aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). The Notes bear interest at a rate of 8.5% per annum and mature on April 30, 2030. The Notes were priced at 98.709% of par to yield 8.75% per annum. The gross proceeds of the offering have been deposited into escrow pending...
2023-04-27 10:30 AM EDT
Baytex Provides Update to Debt Financing for Ranger Acquisition
Calgary, Alberta--(Newsfile Corp. - April 13, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today the pricing and upsizing to US$800 million aggregate principal amount of its previously announced private offering (the "offering") of senior unsecured notes due 2030 (the "Notes") and as a result is providing an update on the debt financing commitments related to the previously announced merger (the "Merger") with Ranger Oil Corporation ("Ranger"), which is expected to...
2023-04-13 10:30 PM EDT
Baytex Announces Pricing of Upsized Private Offering of US$800 Million of Senior Notes
Calgary, Alberta--(Newsfile Corp. - April 13, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to announce the pricing and upsize to US$800 million of its previously announced private offering (the "offering") of senior unsecured notes due 2030 (the "Notes"). The Notes will bear interest at a rate of 8.5% per annum and mature on April 30, 2030. The Notes were priced at 98.709% of par to yield 8.75% per annum. The closing of the offering is subject to customary closing...
2023-04-13 5:00 PM EDT
Baytex Announces Expiration of Hart-Scott-Rodino Waiting Period Relating to the Acquisition of Ranger Oil
Calgary, Alberta--(Newsfile Corp. - April 13, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 as amended (the "HSR Act"), with respect to the previously announced merger (the "Merger") with Ranger Oil Corporation ("Ranger"). The expiration of the HSR waiting period under the HSR Act satisfies one of the conditions of the Merger. The closing of the Merger remains...
2023-04-13 8:00 AM EDT
Baytex Announces Proposed US$750 Million Private Offering of Senior Notes
Calgary, Alberta--(Newsfile Corp. - April 12, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today that it intends to offer US$750 million aggregate principal amount of senior unsecured notes due 2030 (the "Notes") in a private offering (the "offering"), subject to market and other conditions. The Notes will pay interest semi-annually in arrears. The final terms of the Notes will be determined at the time of pricing of the Notes. The gross proceeds of the offering...
2023-04-12 4:15 PM EDT
Baytex Energy Corp. Announces Filing of the Management Information Circular for 2023 Annual and Special Meeting of Shareholders
Calgary, Alberta--(Newsfile Corp. - April 10, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex", the "Company" or "we") today announced that it has filed the information circular and proxy statement ("Information Circular"), along with the related meeting and proxy materials (together with the management Information Circular, "Meeting Materials") for the Company's Annual and Special Meeting of Shareholders scheduled to be held virtually only at https://web.lumiagm.com/#/287416586...
2023-04-10 8:00 AM EDT
Baytex Announces Virtual Fireside Chat with TD Securities
Calgary, Alberta--(Newsfile Corp. - March 7, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) is pleased to announce that TD Securities will be hosting a virtual Fireside Chat with Eric Greager, President and CEO, on Thursday March 9, 2023 at 10:00 am EST. Interested parties can listen to the webcast by registering at the following URL: https://www.veracast.com/webcasts/tds/meetings/889d37.cfm A replay will be available on the Baytex website, www.baytexenergy.com, for three months following...
2023-03-07 5:00 PM EST
Baytex to Present at the Scotia Howard Weil Energy Conference
Calgary, Alberta--(Newsfile Corp. - March 1, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) is pleased to announce that Eric Greager, President and CEO, will be presenting at the Scotia Howard Weil Energy Conference on Tuesday March 7, 2023 at 2:00 pm EST. Interested parties can listen to the webcast by registering at the following URL: https://wsw.com/webcast/bns36/bte/1523268 A replay will be available on the Baytex website, www.baytexenergy.com, for three months following the...
2023-03-01 5:00 PM EST
Baytex to Acquire Eagle Ford Operator Ranger Oil, Accelerates Shareholder Returns and Introduces a Dividend with Enhanced Free Cash Flow
Calgary, Alberta--(Newsfile Corp. - February 28, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex", the "Company" or "we") today announced that it has entered into a definitive agreement (the "Agreement") to acquire Ranger Oil Corporation (NASDAQ: ROCC) ("Ranger"), a pure play Eagle Ford company (the "Acquisition"). The total consideration to be paid by Baytex, including assumption of net debt, is approximately US$2.5 billion (C$3.4 billion). The transaction has been unanimously...
2023-02-28 6:00 AM EST
Baytex Announces Fourth Quarter and Full Year 2022 Financial and Operating Results and Year End Reserves
Calgary, Alberta--(Newsfile Corp. - February 23, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months and year ended December 31, 2022 (all amounts are in Canadian dollars unless otherwise noted). "2022 was an exciting year for Baytex as we delivered strong operating results, generated record free cash flow, further strengthened our balance sheet and initiated direct shareholder returns. We generated a 4% year-over-year...
2023-02-23 5:25 PM EST
Baytex Announces NYSE Listing
Calgary, Alberta--(Newsfile Corp. - February 17, 2023) - Baytex Energy Corp. (TSX: BTE) is pleased to announce that the New York Stock Exchange ("NYSE") has approved the listing of our common shares on the NYSE under the trading ticker symbol "BTE". The common shares are expected to begin trading on the NYSE on February 23, 2023. "Since joining Baytex last year, I have heard from many shareholders about their desire for us to relist on the NYSE. We believe this listing will improve our...
2023-02-17 8:00 AM EST
Baytex Conference Call and Webcast on Fourth Quarter and Full Year 2022 Results to Be Held on February 24, 2023
Calgary, Alberta--(Newsfile Corp. - February 16, 2023) - Baytex Energy Corp. (TSX: BTE) will release its 2022 fourth quarter and full year financial and operating results after the close of markets on Thursday February 23, 2023. A conference call and webcast will be held on Friday February 24, 2023 to discuss the results: Date: Friday February 24, 2023 Time: 9:00 a.m. MST (11:00 a.m. EST) Dial-in: 1-416-915-3239 (Toronto Local and International) 1-800-319-4610 (North America Toll-Free)...
2023-02-16 5:00 PM EST
Baytex Announces Board Appointment
Calgary, Alberta--(Newsfile Corp. - February 8, 2023) - Baytex Energy Corp. (TSX: BTE) ("Baytex") announces the appointment of Angela Lekatsas as a director of Baytex. "We are very pleased that Angela has joined the Baytex board. Her extensive business knowledge across multiple industries, strategic perspective and financial expertise will serve the board and Baytex well in the years ahead," commented Mark Bly, Chairman of Baytex. Ms. Lekatsas is the former President and CEO of Cervus...
2023-02-08 5:00 PM EST
Baytex Announces 2023 Budget with Continued Focus on Free Cash Flow Generation and Enhancing Direct Shareholder Returns
Calgary, Alberta--(Newsfile Corp. - December 7, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") announces that its Board of Directors has approved 2023 exploration and development expenditures of $575 to $650 million, which are designed to generate average annual production of 86,000 to 89,000 boe/d. "We expect to generate record free cash flow in 2022 and our priorities for 2023 remain the same. We will advance development across our high-quality oil weighted portfolio, further delineate...
2022-12-07 5:00 PM EST
Baytex Announces Executive Appointment and Departure of EVP & CFO
Calgary, Alberta--(Newsfile Corp. - November 17, 2022) - Baytex Energy Corp. (TSX: BTE) today announced that Chad Kalmakoff has been promoted to Chief Financial Officer. Mr. Kalmakoff replaces Rodney Gray, Executive Vice President and Chief Financial Officer, who has left the organization to pursue other opportunities. "We are pleased to promote Chad to Chief Financial Officer. Chad has led our finance team for seven years and is well positioned to step into this role. He has been a...
2022-11-17 6:30 PM EST
Baytex Announces Third Quarter 2022 Results and Continued Strong Clearwater Drilling Results
Calgary, Alberta--(Newsfile Corp. - November 3, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") reports its operating and financial results for the three and nine months ended September 30, 2022 (all amounts are in Canadian dollars unless otherwise noted). "We continue to deliver on our commitments with a much-improved balance sheet (0.9x net debt to trailing 12 month EBITDA ratio), substantial free cash flow generation ($478 million through nine months) and a shareholder return framework...
2022-11-03 5:00 PM EDT
Baytex Conference Call and Webcast on Third Quarter 2022 Results to Be Held on November 4, 2022
Calgary, Alberta--(Newsfile Corp. - October 27, 2022) - Baytex Energy Corp. (TSX: BTE) will release its 2022 third quarter financial and operating results after the close of markets on Thursday November 3, 2022. A conference call and webcast will be held on Friday November 4, 2022 to discuss the results: Date: Friday November 4, 2022 Time: 9:00 a.m. MDT (11:00 a.m. EDT) Dial-in: 1-416-915-3239 (Toronto Local and International) 1-800-319-4610 (North America Toll-Free) Webcast:...
2022-10-27 5:00 PM EDT