Wednesday, June 24, 2026

Baytex Announces 2016 Budget and Amendments to Bank Credit Facilities

CALGARY, ALBERTA–(Marketwired – Dec. 10, 2015) – Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) announces that its Board of Directors has approved a 2016 capital budget of $325 to $400 million, which is designed to generate average annual production of 74,000 to 78,000 boe/d. Baytex also announces amendments to the financial covenants contained in its bank credit facilities which will provide