INVESTOR PRESENTATION - CREATING ENERGY CREATING VALUE
CANADA HEAVY OIL: PEACE RIVER / PEAVINE / LLOYDMINSTER
Innovative Multi-Lateral Drilling and Top-Tier Efficiencies
Clearwater at Peavine Delivers Exceptional Well Performance and Economics
R1W6
R20
R14
R8
R1W5
R20
R14
R8
R1W4 R29
R18
R12
R5W3
T94
T93
Peace River (Bluesky)
514 net sections
Produced 11,800 boe/d in Q3/2023 (83% oil)
3 net multi-lateral wells onstream in Q3/2023
Peavine (Clearwater)
T89
T84
T79
PEACE RIVER
PEAVINE
T74
T69
BAYTEX HOLDS THE
TOP 30 CLEARWATER
WELLS DRILLED TO
DATE
Partnership with Peavine Métis Settlement covering
90 contiguous sections
T64
Produced 13,800 boe/d in Q3/2023 (100% oil)
T59
Expect to bring 19 net Clearwater wells onstream in
H2/2023
T54
Lloydminster (Mannville)
516 net sections
Produced 11,900 boe/d in Q3/2023 (98% oil)
Targeting multiple horizons within the Mannville group of
formations
T49
T44
T39
T34
T29
Expect to bring 18 net wells onstream in H2/2023
T88
T83
T78
T73
LLOYDMINSTER
T68
T63
COLD LAKE
MORINVILLE
W ASECA Q2/2023
CLEARWATER Q1/2023
DISCOVERY
DISCOVERY
T58
T53
EDMONTON
LLOYDMINSTER
T48
CALGARY
B.C.
T24
R1W6
R21
R14
R8
R1W5
R26
R20
ALBERTA
R14
R8
R1W4
SASKATCHEW AN
R24
R18
BAYTEX ENERGY NYSE/TSX BTE
T43
T38
T33
T28
T23
R5W3
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