baytex-exits-the-us-in-$3.25b-deal,-focuses-on-higher-return-canadian-assets
Baytex Exits the U.S. in $3.25B Deal, Focuses on Higher-Return Canadian Assets

Baytex Exits the U.S. in $3.25B Deal, Focuses on Higher-Return Canadian Assets

By The Canadian Press
0 Min Read
Baytex Exits the U.S. in $3.25B Deal, Focuses on Higher-Return Canadian Assets

The logo of Baytex Energy Corp. is shown. The Canadian Press/Handout—Baytex Energy Corp.

Baytex Energy Corp. is turning its focus to Canada, announcing plans to divest its position in the Eagle Ford shale formation in Texas—the biggest part of its business—through a $3.25-billion deal.

The assets being sold to an undisclosed buyer represent all of Baytex’s U.S. operations.

The Unexpected Brain Benefit of Building Muscles
Flight Attendants Union Crashes Air Canada Press Conference as Strike Looms
US to Boycott G20 Over South Africa’s ‘Rights Abuses’ of Afrikaners
Facing CCP Threat, Rival Camps Find Common Ground on a Taiwan-centered Identity
China’s Pigment Dumping Blamed for Critical Minerals Mining Shutdown, 200 Jobs on the Line
TAGGED:
Share This Article

You Might Also Like