Baytex announces revised 2020 capital program

Baytex announces revised 2020 capital program.baytex energy corp - announces a 50% reduction to its 2020 capital budget to $260 to $290 million.baytex energy corp - immediately suspending drilling operations in canada.baytex energy corp - have revised production guidance range for 2020 to 85,000 to 89,000 boe/d.baytex energy corp - expect to forgo drilling 43 net heavy oil wells and 151 net light oil wells over balance of this year.baytex energy - recently extended maturities of credit facilities to april 2, 2024.baytex energy corp - facilities total approximately $1.1 billion and include us$575 million of revolving credit facilities and a $300 million term loan.baytex energy - expect a moderated pace of development in eagle ford with 16 to 18 net wells brought on production in 2020.baytex energy corp - all full-time employee salaries and all annual retainers paid to our directors will be reduced by 10% effective april 1, 2020.baytex energy corp - first long-term note maturity of us$400 million is not until june 2024.baytex energy corp - now anticipate 2020 exploration and development expenditures of $260 to $290 million.
BTE Ratings Summary
BTE Quant Ranking