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Baytex Energy Corp
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April 2024 Eagle Ford Presentation
| Edward D. LaFehr | Page 22 of 11 |
May 02, 2024
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"April 2024 Eagle Ford Presentation"
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BAYTEX ENERGY / NYSE / TSX BTE EAGLE FORD REFRACS 22 Legacy Development Significant opportunity for refracs and improved recoveries given understimulated early development > 300 refracs completed basin wide in the Eagle Ford to-date ~85% in similar reservoir in Karnes, DeWitt, and Lavaca counties Devon, Conoco and Marathon most active Consistent improvement in production and EUR Re-Frac Opportunity Pre-2017 drills Wide cluster spacing and low proppant intensity Lower cumulative production and resource recovery Utilize 5.5” casing with cemented 4” liners Deploy modern completion design with “new” wellbore Target black oil and volatile oil Source: Halliburton