Baytex announces 2024 budget and five-year outlook with continued focus on free cash flow generation and shareholder returns

Calgary, alberta--(newsfile corp. - december 6, 2023) - baytex energy corp. (tsx: bte) (nyse: bte) ("baytex") announces that its board of directors has approved a budget for 2024 exploration and development expenditures of $1.2 to $1.3 billion, which is designed to generate average annual production of 150,000 to 156,000 boe/d. "our 2024 budget and five-year outlook demonstrates the strength of our diversified oil-weighted portfolio in western canada and the eagle ford shale in texas.
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