Baytex Energy Trust:Fourth Quarter 2009 Results

email Email  Print Print  PDF PDF
Fri, Mar 12, 2010
Oil & Gas Company News
Oil and Gas Researcher

Baytex Energy Trust (TSX:BTE.UN) (NYSE:BTE)reported its operating and financial results for the three months and year ended December 31, 2009.

The press release is quoted as saying:

Produced a quarterly record of 42,713 boe/d for Q4/09 and an annual record of 41,382 boe/d (an increase of 3% over 2008); Generated funds from operations of $97.3 million in Q4/09 (an increase of 10% over the prior quarter) and annual funds from operations of $332.2 million (the second highest annual result in Baytex history); Increased total proved reserves 3% to 129 million boe, and total proved plus probable reserves 5% to 197 million boe; Inclusive of acquisitions, replaced 165% of production, with finding development and acquisition (”FD&A”) costs of $11.63 per boe for proved plus probable reserves excluding changes in future development costs (”FDC”).

Click here to access the entire press release

Click here to access Baytex-Energy-Trust Corporate Site

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Oil and Gas Investing News' Comment Policy?
Oil and Gas Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Oil and Gas Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Oil and Gas Price Chart
Asides

  • OilandGasInvestingNews.com maintains a focus on oil and gas exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

  • For upcoming oil and gas investing trade shows, see the following links: Oil Sands Technology Show,

  • The Oil and Gas Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information