INVESTOR PRESENTATION - CREATING ENERGY CREATING VALUE
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Q3 2023 Wells Onstream
U.S. LIGHT OIL: OPERATED EAGLE FORD
Strong Q3 Results
13 operated wells onstream
Strong results across thermal
maturity window
black oil and condensate
Top quartile performance
30-day peak production rate
Second quartile performance
productivity per lateral foot
Well
Onstream Date
30-day Peak
Rate (boe/d)
% Crude Oil and
NGLS
Douglas Fir A 1H
July 14
924
95%
Douglas Fir B 2H
July 14
781
96%
Halley A 1H
July 24
960
94%
Hawn Holt 25H
July 24
852
95%
Bubinga B 2H
Aug 23
1,886
58%
Bubinga C 3H
Aug 23
1,654
58%
Bloodstone A 1H
Sept 4
1,753
84%
Bloodstone B 2H
Sept 4
1,830
84%
Hickory A 1H
Sept 8
2,317
56%
Hickory B 2H
Sept 8
2,325
57%
Hickory C 3H
Sept 8
2,355
57%
Ranger Beall Ranch 10H
Sept 12
1,026
89%
Ranger Beall Ranch 23H
Average
Sept 12
769
87%
1,495
78%
30-Day Peak Production Rate by Eagle Ford Operator-2023 Wells
(2 Phase boe) (1)(2)(3)
30-Day Peak Production Rate by Eagle Ford Operator - 2023 Wells
(2-Phase boe/thousand foot) (1)(2)(3)
Top Quartile
50,000
40,000
30,000
20,000
10,000
0
A
BTE Q3
14,000
Top Quartile
12,000
Second Quartile
Third Quartile
10,000
8,000
Fourth Quartile
6,000
Second Quartile
Third Quartile
4,000
Fourth Quartile
2,000
0
0
DEF
CHIKLMNOPOR
DE
BTE Q3
LL
Data set (total of 784 wells) includes: Arrow S, Chesapeake, ConocoPhillips, Crescent, Devon, EOG, Exco, Exxon, Gulftex, Ineos, Magnolia, Marathon, Murphy, Silverbow, SM, Trinity, Verdun, Wildfire.
Peak production (boe and boe per thousand foot of lateral length) calculated based on the highest monthly production rate over the life of the well.
Source: Enverus, Baytex internal data
KLMNOPOR
BAYTEX ENERGY NYSE TSX BTE
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