BRIEF-Baytex Energy reports quarterly FFO of $0.39/share

Thu Jul 28, 2016 8:01am EDT
 
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July 28 (Reuters) - Baytex Energy Corp

* Quarterly FFO $0.39 per share

* Says forecasting full-year 2016 exploration and development capital expenditures of $200 to $225 million

* Says generated production of 70,031 BOE/D (77 percent oil and NGL) in Q2/2016

* Says "as a result of continued depressed crude oil prices, our development activity in Eagle Ford has been reduced"

* Now anticipate full year 2016 production of 67,000 to 69,000 BOE/D (previously 68,000 to 72,000 BOE/D)

* Expect funds from operations to exceed capital expenditures in 2016 Source text for Eikon: Further company coverage: