Company information below (in yellow)
1. Additional information I have noticed
2. Information from the Company website
Clearwater summary (based on March presentation)
> 500 net sections in the NW Clearwater fairway with > 120 prospective for Spirit River (Clearwater equivalent)
Executed second strategic land agreement with the Peavine Métis Settlement; increased land position by a further 20 sections to 80 contiguous sections
Operations Update
• Eight producing wells at Peavine
• Successful Clearwater exploration well on Seal legacy lands in late 2021 with followup well in H2/2022
• Production increased from zero at the beginning of 2021 to > 3,000 bbl/d in January 2022
• Four Baytex wells rank as the top Clearwater wells drilled to-date on an initial rate basis; outperforming Baytex type curve assumptions
• 20 sections de-risked with potential for greater than 200 locations pending further success
Q1/2022 Activity
• Three wells drilled in Q4/2021 brought onstream in January, including two wells on the 14-36 pad adjacent to the highest rate well drilled to-date and one appraisal well on the recently acquired 20 sections
• 2 rig program and ten wells
2022 Budget
• Expect to bring 18 wells onstream
UPDATED MARCH PRESENTATION
Reference:
https://www.baytexenergy.com/files/pdf/corporate-handouts/2022/2022-03%20March%20Presentation.pdf
