Ranger Acquisition Overview and Canada Light Oil Update
A DIVERSIFIED NORTH AMERICAN E&P OPERATOR
Peace River/
Peavine
Duvernay
OUR
OPERATING
AREAS
Lloydminster
Viking
Market Summary
Ticker Symbol
Average Daily Volume (1)
Shares Outstanding
Market Capitalization / Enterprise Value (2)
Annual Dividend per Share | Dividend Yield (3)
Operating Statistics
Production (working interest) (4)
Production Mix (4)
E&D Expenditures (4)
Reserves - 2P Gross (5)
Net Acres
TSX, NYSE | BTE
Canada: 6.9 million | US: 4.3 million
857 million
$4.7 billion $7.5 billion
$0.09 | 1.6%
153 157 Mboe/d
84% liquids
$601 $641 million
696 MMboe
1.7 million
H2/2023 Production by Business Unit
H2/2023 Production by Commodity
U.S. Light Oil (Eagle Ford)
⚫ Canada Light Oil (Viking/Duvernay)
Canada Heavy Oil
Eagle Ford
(Peace River/Peavine/Lloydminster)
• Other
• Heavy Oil
⚫ Light Oil
⚫NGLS
Natural Gas
Enterprise value based on closing share price on the Toronto Stock Exchange on August 30, 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.
(1)
Average daily trading volumes for August 2023. Volumes are a composite of all exchanges.
(2)
(3)
(4)
(5)
Refer to the Dividend Advisory section in the presentation for further information.
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
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