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CS - Canada & Eagle Ford output drive Baytex’s Q1 results - May 2019
Baytex Energy Corp. said Q1 was the first quarter in which it demonstrated the benefit of its $1.9 billion merger with Raging River Exploration, which closed in August, increasing its operating netback, delivering “meaningful” cash flow and strengthening its balance sheet. Q1 production increased 2% sequentially to 101,105 boe/d, exceeding the high end of the company’s guidance. Production was 60,018 boe/d in Canada, where the company continues its development program in the Viking and where it reinitiated activity on its heavy oil......
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