Five-Year Outlook 2024-2028
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)
Expect to bring 7 net wells onstream in 2024
Viking
344 net sections
Stable production and meaningful asset level free cash flow (1)
Produced 12,300 boe/d in Q3/2023 (88% liquids), net of
Forgan / Plato disposition (December 2023)
-
Expect to bring 93 net wells onstream in 2024
T45
R12
R7
R1W5
R24
R18
R12
R7
T40
Two 3-well pads
onstream in Q3/2023;
average production rate
in September of
950 boe/d per well
(89% oil and NGLs)
T35
T30
PEMBINA
DUVERNAY
RED DEER
R1W4
V
R23
LLOYDMINSTER
R17
R11
R5W3
T45
T40
T35
VIKING
KINDERSLEY
(1)
T25
R12
R7
R1W5
CALGARY
R24
R18
R12
R7
ALBERTA SASKATCHEW AN
R1W4
R24
R18
R12
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
T30
T25
R5W3
19View entire presentation