Ranger Acquisition Overview and Canada Light Oil Update
BUSINESS UNIT AND ASSET-LEVEL WELL ECONOMICS
Business Unit /
Assets (1)
U.S. Light Oil
IP365 (boe/d)
(Liquids %)
EUR Mboe
(Liquids %)
Well Cost
($MM) (2)
IRR (%) (3)
(3)(4)
Payout
(Months) (3)(4)
Operated Eagle Ford
615 (88%)
705 (86%)
$12.5
80%
16
Karnes Trough Eagle Ford
590 (76%)
630 (74%)
$8.2
89%
13
Canada Light Oil
Viking
48 (90%)
45 (90%)
$1.3
71%
16
Duvernay
615 (84%)
1,065 (79%)
$10.5
77%
17
Canada Heavy Oil
Peace River (Bluesky)
140 (97%)
215 (82%)
$3.5
66%
17
Peavine (Clearwater)
180 (99%)
170 (97%)
$2.1
215%
8
Lloydminster (Mannville)
90 (100%)
90 (100%)
$1.7
88%
14
(1)
All figures are approximate.
(2)
(3)
Represents expected cost to drill, complete, equip and tie-in. Lateral length for an Operated Eagle Ford well is - 8,200 feet and for a Karnes Trough Eagle Ford well is ~ 6,000 feet.
Individual well economics based on constant pricing and costs, and Baytex's assumptions regarding an expected type curve and the above assumptions for production, EUR and well costs.
(4) Commodity price assumptions: WTI - US$75/bbl; WCS differential - US$15/bbl; NYMEX Gas - US$3.50/MMbtu; Exchange Rate (CAD/USD) -1.35.
BAYTEX ENERGY NYSE/TSX BTE
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