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Baytex Energy Corp
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April 2024 Eagle Ford Presentation
| Edward D. LaFehr | Page 14 of 11 |
May 04, 2024
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"April 2024 Eagle Ford Presentation"
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DRILLING PERFORMANCE Drilling Performance (1) (Spud to Rig Release) 2-string designs are used in the shallower portions of the Lower Eagle Ford that require lower mud weight 3-string designs are utilized in the deeper areas of the Eagle Ford formation where pressure and mud weights require extra protection over the Wilcox formation H&P high spec rig fleet delivers top tier performance Detailed engineering and offset analysis is done on every pad to minimize operational issues H&P Rig 505 increased overall performance in 2023 by 12%, compared to 2022 Top drilling performance in curve and lateral in LaSalle County Leading performance in lateral section across all areas of operations for 2023 Drilling Efficiency Cycle Time (Spud to Rig Release, ft/day) (2) (1) Includes both 2-string and 3-string wells. (2) 3-string casing string design for wells drilled 2022 – Q3 2023, includes Gonzales, Lavaca and Dewitt counties. Source: TRRC and Enverus 0 500 1,000 1,500 Silverbow Conoco Marathon Baytex EOG 15.4 14.4 12.1 1,412 1,567 1,754 2022 2023 2024 YTD Days Ft/Day