Parties
Company
Baytex Energy Corp.
Company
Baytex - Viking Assets
On November 27, 2023, Baytex Energy Corp. announced the sale of its Viking assets located in Forgan and Plato, southwest Saskatchewan, for $153.8 million. This sale, effective October 1, 2023, is set to close before the end of the year. The assets, producing approximately 4,000 boe/d of light and medium crude oil, will help Baytex reduce its outstanding bank debt with the net proceeds. Scotiabank acted as the financial advisor for this transaction. Burnet, Duckworth & Palmer, LLP served as legal advisor to Baytex Energy Corp.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 153,800,000Deal Status
ActiveClosing Date