Baytex Energy Presents Three-Year Plan Targeting 8%-10% Annual Production Growth

• Baytex Energy plans 2027 exploration and development spending of CAD 775 million–CAD 850 million, targeting production of 76,000–79,000 boe/d.
• Production growth is forecast at 7%–11%, with an initial CAD 150 million allocated to share buybacks.
• The 2027–2029 plan targets 8%–10% annual production growth, up from 6%–8%, funded within cash flow at WTI USD 70/bbl.
• Duvernay production is targeted at 25,000 boe/d in the second half of 2028, 18 months ahead of the previous plan.
• Gemini SAGD is targeting a final investment decision in the second half of 2027, with initial capacity of approximately 5,000 bbl/d.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baytex Energy Corp. published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.