Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/baytex-announces-2014-budget-targeting-6-productio.shtmlBaytex announces 2014 budget targeting 6% production growth
Baytex Energy Corp. announce that its Board of Directors has approved a 2014 capital budget of $485 million for exploration and development
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Baytex Energy Corp. announce that its Board of Directors has approved a 2014 capital budget of $485 million for exploration and development activities. This capital budget is designed to generate an average production rate of 60,000 to 62,000 boe/d.
Commenting on the 2014 budget, James Bowzer, President and Chief Executive Officer, said: "This budget continues our focus on oil weighted production growth. Based on the mid-point of the production guidance ranges for 2013 and 2014, our 2014 plan reflects a production growth rate of 6% for oil equivalent volumes."
