BRIEF-Baytex Energy Q4 generated production 58,304 boe/d

Thu, 13 Mar - 10:09pm

March 13 (Reuters) - Baytex Energy Corp BTE.TO :

* Reports record production and funds from operations and strong reserve growth

for 2013

* Generated production of 58,304 boe/d in q4/2013, an increase of 6% over

q4/2012

* Delivered qtrly funds from operations of $1.18 per basic share

* 2014 production guidance remains unchanged at 60,000 to 62,000 boe/d

* Qtrly petroleum and natural gas sales C$330.7 million versus C$292.1 million

* Increases February common stock dividend by 9 percent to C$0.24 per share

* Transportation operations were hampered by severe winter weather during

q4/2013 which impacted ability to deliver crude oil

* 2013 proved reserves increased 11% to 160 million boe

* Says 2014 budgeted exploration and development expenditures of $485 million

* Aurora's fourth quarter 2013 gross production was 24,678 boe/d

* Source text for Eikon News Search ID:nMKW0xKfga

* Further company coverage BTE.TO ((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140313:nASB08G52:13
Topics: 
OILG RES AU CMPNY CA ENR BLR ASIA LEN RTRS BACT DIV EXPL ENER AMERS

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