Canada-based Baytex Energy completes the sale of US Eagle Ford assets for $2.14bn, using proceeds to pay down debt and redeem senior notes. The company plans to return a substantial portion of proceeds to shareholders, focusing on Canadian energy platform growth and value creation. The sale strengthens Baytex’s financial position.

Baytex launches cash tender offer for $575m of outstanding senior notes, part of broader portfolio optimization strategy. The company’s Canadian inventory supports targeted annual production growth, with heavy oil assets and Pembina Duvernay position key focus areas for future development. Baytex aims for production growth by 2029-2030 in Pembina Duvernay.

Baytex reported 65,000 boepd production from Canadian portfolio in first nine months of 2025, with heavy oil assets and Pembina Duvernay area showing promise for future drilling and development. The company plans to focus on Canadian heavy oil and Pembina Duvernay position, shifting to single-rig drilling programme in the latter over next two years.

Read more at Yahoo Finance: Baytex completes sale of Eagle Ford assets for $2.14bn