Ranger Acquisition Adds Quality Eagle Ford Scale
A DIVERSIFIED NORTH AMERICAN E&P OPERATOR
Peace River/
Peavine
Duvernay
OUR
OPERATING
AREAS
Market Summary
Ticker Symbol
Average Daily Volume (1)
Shares Outstanding
Market Capitalization / Enterprise Value (2)
Lloydminster
Viking
Annual Dividend per Share | Dividend Yield (3)
Eagle Ford
Operating Statistics
Production (working interest) (4)
Production Mix (4)
E&D Expenditures (4)
Reserves - 2P Gross (5)
Net Acres
H2/2023 Production by Business Unit
U.S. Light Oil (Eagle Ford)
⚫ Canada Light Oil (Viking/Duvernay)
Canada Heavy Oil
(Peace River/Peavine/Lloydminster)
• Other
TSX, NYSE | BTE
Canada: 9.9 million | US: 9.4 million
845 million
$5.1 billion $7.9 billion
$0.09 | 1.5%
153 157 Mboe/d
84% liquids
$601 $641 million
696 MMboe
1.7 million
H2/2023 Production by Commodity
• Heavy Oil
⚫ Light Oil
⚫NGLS
Natural Gas
Enterprise value based on closing share price on the Toronto Stock Exchange on September 29, 2023 and net debt as at June 30, 2023. Enterprise value is calculated as market capitalization plus net debt and is used to assess the
valuation of the Company.
Refer to the Dividend Advisory section in the presentation for further information.
(1)
Average daily trading volumes for September 2023. Volumes are a composite of all exchanges.
(2)
(3)
(4)
(5)
Production, production mix, and exploration and development ("E&D") expenditures represents H2/2023 guidance.
Reserves based on (i) Baytex reserves as at December 31, 2022 prepared by McDaniel & Associates Consultants Ltd, ("McDaniel"), an independent qualified reserves evaluator in accordance with National Instrument 51-101
"Standards of Disclosure for Oil and Gas Activities" ("NI 51-101"); and (ii) Ranger's year-end 2022 reserves were evaluated by McDaniel in accordance with NI 51-101. See "Advisories".
BAYTEX ENERGY NYSE/TSX BTE
3View entire presentation