Baytex Energy Corp (BTE) is back at full steam producing Albertan oil after production was cut in half by wildfires..BTE is an energy company based in Calgary and is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States..Its production was cut during the height of the wildfires in Alberta.."We have brought back onstream the full 24,000 barrels of oil equivalent per day (boe/d) of production that was shut-in as a result of the Alberta wildfires," BTE stated about its Alberta operations.."There was no damage to our assets or infrastructure. We estimate that production was curtailed by approximately 12,500 boe/d for May.".Stock prices for BTE already started to rebound with the announcement — on Friday the price rose by 4.85% at the start of trading.."Wildfires remain active in our operating areas and we continue to monitor the situation closely," BTE said.."Baytex is incredibly proud of how our personnel responded with sound, safety-focused decision-making. We would like to thank the emergency responders and firefighters who worked tirelessly to protect our communities."
Baytex Energy Corp (BTE) is back at full steam producing Albertan oil after production was cut in half by wildfires..BTE is an energy company based in Calgary and is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States..Its production was cut during the height of the wildfires in Alberta.."We have brought back onstream the full 24,000 barrels of oil equivalent per day (boe/d) of production that was shut-in as a result of the Alberta wildfires," BTE stated about its Alberta operations.."There was no damage to our assets or infrastructure. We estimate that production was curtailed by approximately 12,500 boe/d for May.".Stock prices for BTE already started to rebound with the announcement — on Friday the price rose by 4.85% at the start of trading.."Wildfires remain active in our operating areas and we continue to monitor the situation closely," BTE said.."Baytex is incredibly proud of how our personnel responded with sound, safety-focused decision-making. We would like to thank the emergency responders and firefighters who worked tirelessly to protect our communities."
