Baytex Energy finalizes sale of Viking assets for $153.8 million

Company

Baytex Energy Corp.

Law Firm / Organization
Burnet, Duckworth & Palmer LLP

Company

Baytex - Viking Assets

Law Firm / Organization
Burnet, Duckworth & Palmer LLP

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.

Merger & Acquisition
Energy
$ 153,800,000
Active