Baytex Announces Sale of Kerrobert Thermal Asset

Core Points - Baytex Energy Corp. has completed the sale of its Kerrobert thermal asset in Saskatchewan for net proceeds of approximately $42 million, with production from the asset being around 2,000 bbl/d of heavy oil [1][2] - Following the sale, Baytex has updated its 2025 production guidance to a range of 148,000 to 152,000 boe/d, down from the previous guidance of 150,000 to 154,000 boe/d [2] - The company expects that the asset disposition will not significantly affect its exploration and development expenditures or free cash flow profile for 2025 [2][8] Company Overview - Baytex Energy Corp. is headquartered in Calgary, Alberta, and operates in the acquisition, development, and production of crude oil and natural gas, primarily in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States [5] - The company's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [5]