The Conversation (0)
Baytex Energy Trust (TSX:BTE.UN) (NYSE:BTE)reported its operating and financial results for the three months and year ended December 31, 2009.
Baytex Energy Trust (TSX:BTE.UN) (NYSE:BTE)reported its operating and financial results for the three months and year ended December 31, 2009.
The press release is quoted as saying:
Produced a quarterly record of 42,713 boe/d for Q4/09 and an annual record of 41,382 boe/d (an increase of 3% over 2008); Generated funds from operations of $97.3 million in Q4/09 (an increase of 10% over the prior quarter) and annual funds from operations of $332.2 million (the second highest annual result in Baytex history); Increased total proved reserves 3% to 129 million boe, and total proved plus probable reserves 5% to 197 million boe; Inclusive of acquisitions, replaced 165% of production, with finding development and acquisition (“FD&A”) costs of $11.63 per boe for proved plus probable reserves excluding changes in future development costs (“FDC”).
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