Baytex Announces Sale of Kerrobert Thermal Asset
Baytex Energy (BTE) Newsfile·2024-12-20 18:57
Calgary, Alberta--(Newsfile Corp. - December 20, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") today announced that it has closed the sale of its Kerrobert thermal asset located in southwest Saskatchewan, for net proceeds of approximately $42 million. Production from the asset is approximately 2,000 bbl/d (100% heavy oil).The non-core disposition further streamlines our portfolio and the net proceeds from the sale will be applied against outstanding bank indebtedness. To reflect the dispos ...