December 12, 2016 / 1:41 PM / 8 months ago

BRIEF-Baytex announces 2017 capital budget and CEO succession

1 Min Read

Dec 12 (Reuters) - Baytex Energy Corp

* Baytex announces 2017 budget and ceo succession

* Baytex energy corp - its board of directors has approved a 2017 capital budget of $300 to $350 million

* 2017 capital designed to generate average annual production of 66,000 to 70,000 boe/d

* Expected exit production rates for 2016 and 2017 reflect an organic growth rate of approximately 3-4%

* Baytex energy corp - for full-year, approximately 70% of planned capital expenditures will be directed to our eagle ford operations

* Baytex energy corp - ed lafehr, president, will succeed james bowzer as chief executive officer in may 2017

* Baytex energy-for 2017, entered into hedges on about 47% of net wti exposure with 6% fixed at us$54.35/bbl, 41% hedged utilizing 3-way option structure Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below