Baytex Energy Corp. is pleased to announce that shareholders of Baytex today approved the previously announced merger with Ranger Oil Corporation . Baytex also reports that all additional matters presented for approval at the annual and special meeting of shareholders held today were approved. A total of 204,407,281 common shares being 37.47% of Baytex's issued and outstanding shares were represented at the meeting. 1 [...]
Baytex Energy Corp. is providing an update on the impact of the Alberta wildfires to its operations. Baytex advises that the ongoing wildfires are impacting its operations in the Peace River and Peavine regions of northwest Alberta. Baytex has safely evacuated its affected personnel. As a result of the precautionary shut-in of production and operated infrastructure, approximately 20,000 boe/d of production has been [...]
Baytex Energy Corp. announces the filing of unaudited pro forma consolidated financial information of Baytex and Ranger Oil Corporation as at and for the three-month period ended March 31, 2023 . The Q1 Pro Forma Financial Information was included in the most recent draft of Baytex's Registration Statement on Form F-4 filed May 10, 2023 with the U.S. Securities Exchange Commission . Baytex's Registration Statement on Form [...]
Baytex Energy Corp. is providing an update on the impact of the wildfires in Alberta to its operations. As a result of the shut-in of third-party infrastructure in west-central and northwest Alberta, approximately 10,000 boe/d of sales volumes has been curtailed since the evening of May 5, 2023. Currently, approximately 60% of the curtailed volumes remain on-line and are producing into inventory. We continue to monitor [...]
Baytex Energy Corp. reports its operating and financial results for the three months ended March 31, 2023 . "We continued to deliver on our operating and financial targets in the first quarter, which included strong results from our Peavine Clearwater development. We continue to make significant progress on the Ranger acquisition, which materially increases Eagle Ford scale in Texas, while building a quality operating [...]
Baytex Energy Corp. will release its 2023 first quarter financial and operating results after the close of markets on Thursday May 4, 2023. A conference call and webcast will be held on Friday May 5, 2023 to discuss the results: Date: Friday May 5, 2023 Time: 9:00 a.m. MDT Dial-in: 1-416-915-3239 1-800-319-4610 Webcast: http://services.choruscall.ca/links/baytex2023q1.html An archived recording of the conference call will [...]
Baytex Energy Corp. announced today the closing of its private offering of US$800 million aggregate principal amount of senior unsecured notes due 2030 . The Notes bear interest at a rate of 8.5% per annum and mature on April 30, 2030. The Notes were priced at 98.709% of par to yield 8.75% per annum. The gross proceeds of the offering have been deposited into escrow pending satisfaction of certain escrow release [...]
Baytex Energy Corp. announced today the pricing and upsizing to US$800 million aggregate principal amount of its previously announced private offering of senior unsecured notes due 2030 and as a result is providing an update on the debt financing commitments related to the previously announced merger with Ranger Oil Corporation , which is expected to close in the second quarter of 2023, subject to the satisfaction of [...]
Baytex Energy Corp. is pleased to announce the pricing and upsize to US$800 million of its previously announced private offering of senior unsecured notes due 2030 . The Notes will bear interest at a rate of 8.5% per annum and mature on April 30, 2030. The Notes were priced at 98.709% of par to yield 8.75% per annum. The closing of the offering is subject to customary closing conditions and is expected to close on April [...]
Baytex Energy Corp. announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 as amended , with respect to the previously announced merger with Ranger Oil Corporation . The expiration of the HSR waiting period under the HSR Act satisfies one of the conditions of the Merger. The closing of the Merger remains subject to the satisfaction of customary closing [...]
Baytex Energy Corp. announced today that it intends to offer US$750 million aggregate principal amount of senior unsecured notes due 2030 in a private offering , subject to market and other conditions. The Notes will pay interest semi-annually in arrears. The final terms of the Notes will be determined at the time of pricing of the Notes. The gross proceeds of the offering will be deposited into escrow pending [...]
Baytex Energy Corp. today announced that it has filed the information circular and proxy statement , along with the related meeting and proxy materials for the Company's Annual and Special Meeting of Shareholders scheduled to be held virtually only at https://web.lumiagm.com/#/287416586 on Monday, May 15, 2023 at 3:00 p.m. MST . The Meeting Materials will be mailed to Baytex's shareholders shortly following the release of [...]