Baytex Could Raise Up to C$400 Million From Bakken Sale
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Baytex Energy Corp. has identified assets that could be sold by yearend, in a process that one analyst said may raise as much as C$400 million ($375 million.)
The Calgary-based oil and natural gas exploration and production company said the assets constitute 5 percent to 10 percent of current production. The review was launched after Baytex acquired Aurora Oil & Gas Ltd. this year, expanding its reach in the Eagle Ford formation in East Texas.