Baytex Seeks More Eagle Ford Land After Aurora Acquisition

摘要

Baytex Energy Corp. (NYSE, TO: BTE), a Canadian crude producer expanding in the Eagle Ford Shale in Texas, plans more purchases after paying $1.8 billion for Aurora Oil & Gas Ltd. (TO: AEF) to gain a foothold in the formation, Bloomberg said Sept. 3. Before making another large acquisition, Calgary, Alberta-based Baytex will focus on asset swap opportunities in the Eagle Ford, similar to its deal with Husky Energy Inc. (TO: HSE; OTC: HUSKF) in western Canada, CEO James Bowzer said in an interview. Should the opportunity arise, it will consider spending as much as $1 billion on larger assets in North America, producing as much as 20,000 barrels a day (bbl/d) to replace output declines