INVESTOR PRESENTATION - CREATING ENERGY CREATING VALUE
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CANADA LIGHT OIL: PEMBINA DUVERNAY/ VIKING
High netback light oil with strong asset level free cash flow (1)
Pembina Duvernay Shale is a potential growth asset in the Canadian portfolio
Pembina Duvernay
176 net sections
Demonstration-stage light oil resource play
Produced 4,800 boe/d in Q3/2023 (86% liquids)
6 net wells onstream in 2023
Viking
512 net sections
Stable production and meaningful asset level free cash flow(¹)
Produced 16,300 boe/d in Q3/2023 (88% liquids)
Repeatable light oil (36° API) resource play
Pd
Expect to bring 50 net wells onstream in H2/2023
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(1)
PEMBINA
DUVERNAY
Two 3-well pads
onstream in Q3/2023;
average production rate
in September of
950 boe/d per well
(89% oil and NGLs)
LLOYDMINSTER
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VIKING
RED DEER
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CALGARY
KINDERSLEY
B.C.
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R1W5
R26
R20
R14
R8
ALBERTA
R1W4
SASKATCHEW AN
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Specified financial measure that does not have any standardized meaning prescribed by IFRS and may not be comparable with the calculation of similar measures presented by other entities. Refer to the Specified Financial Measures section in this presentation for further information.
BAYTEX ENERGY NYSE TSX BTE
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R19W2View entire presentation