Archive for December, 2009

Baytex Energy Trust reports Operating Plans

Baytex Energy Trust(TSX:BTE.UN) (NYSE:BTE) announced that the company has approved a 2010 capital budget of $235 million for exploration and development activities, as compared to an estimated $165 million E&D program in 2009. press release is quoted as saying: Production is projected to be basically flat at fourth quarter 2009 levels of approximately 42,500 to [...]

Husky Energy Acquires Lloydminster Area

Husky Energy Inc. (TSX:HSE), announced today that an agreement to purchase Penn West heavy oil properties closed on November 30, 2009. The press release is quoted as saying: The Lloydminster area of Alberta and Saskatchewan is a core area for Husky business. The Company’s heavy oil assets are concentrated in a large producing region covering [...]