Baytex closed on sale of Kerrobert Thermal asset

On December 19, 2024, Baytex Energy Corp. ("Baytex") has closed the sale of its Kerrobert thermal asset located in southwest Saskatchewan, for net proceeds of approximately C$42 million. Production from the asset is approximately 2,000 bbl/d (100% heavy oil).

Baytex, headquartered in Calgary, Alberta, is a producer, developer and explorer of oil and natural gas.

McCarthy Tétrault assisted Baytex with a team led by Brian Bidyk that included Robyn Finlay and Conrad Parken (Business/Energy).