CALGARY, Alberta, Dec. 04, 2019 (GLOBE NEWSWIRE) — Baytex Energy Corp. (âBaytexâ) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2020 capital budget of $500 to $575 million, which is designed to generate average annual production of 93,000 to 97,000 boe/d. The Board of Directors is also pleased to announce the appointment of Mark Bly as Chairman.
Commenting on the budget announcement, Ed LaFehr, President and Chief Executive Officer, said: âWe continue to deliver on our 2019 plan with projected free cash flow of $300 million. As in 2019, our capital program for 2020 is designed … Continue Reading