Without a subscription, one cannot read more of this story at Petroleum News, but my hunch is one can fill in the details pretty easily:
- Baytex announces record production.
- After selling its non-operated North Dakota assets to Bakken Hunter, Baytex still managed to set a 2012 oil production record.
From the company's press release:
- Produced record quarterly production of 55,046 boe/d (87% oil and
natural gas liquids in 4Q12, an increase of 4% over 4Q11
and 1% over 3Q12, and record annual production of 53,986 boe/d (87%
oil and NGL), an increase of 8% over 2011
- "This year also saw the successful execution of several strategic
objectives, including the acquisition of 46 sections of undeveloped oil
sands leases and an approved SAGD project at Cold Lake, the expansion of
the land base at Peace River and the disposition of non-operated assets
in North Dakota at attractive metrics."
