Baytex Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Baytex Energy M&A Summary

Baytex Energy has acquired 2 companies. It has also divested 1 asset.

Baytex Energy’s largest acquisition to date was in 2008, when it acquired Burmis Energy for $186M. It’s largest disclosed sale occurred in 2014, when it sold Baytex Energy - North Dakota Assets to SM Energy for $331M. The Company’s most targeted sectors include oil/gas exploration (100%).

Baytex Energy Business Overview

Where is Baytex Energy headquartered?

Baytex Energy is headquartered in Calgary, Alberta.

What is Baytex Energy’s revenue?

Baytex Energy disclosed revenue of 3,383M CAD for 2023 and 2,889M CAD for 2022.

How many employees does Baytex Energy have?

Baytex Energy has 231 employees.

What sector is Baytex Energy in?

Baytex Energy is an oil/gas exploration company.

When was Baytex Energy founded?

Baytex Energy was founded in 1993.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Baytex Energy

Baytex Energy Corp.

Centennial Place, East Tower Suite 2800 520 - 3rd Avenue SW,
Calgary, Alberta T2P 0R3
Canada,
(587) 952-3000
www.baytexenergy.com

Baytex Energy is a dividend-paying oil and gas corporation. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex Energy was incorporated in 1993 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $186M $186M
Sell (0.0/yr) # 1 - - - - - 1
vol $331M $331M
  3

Most Recent M&A

Company Date Value Type
Raging River Exploration, Inc. 2018-06-18 - Merger
Calgary, Alberta · www.rrexploration.com
Baytex Energy - North Dakota Assets 2014-07-31 331M USD Divestiture
, North Dakota
Burmis Energy, Inc. 2008-06-04 186M USD Add-on Acquisition
Calgary, Alberta
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 186M (100%) 1 (100%) 331M (100%)
Total 2 $186M 1 $331M

By Geo

State/Country Buy Value Sell Value
Canada 2 186M - -
  Alberta 2 186M - -
United States - - 1 331M
  North Dakota - - 1 331M
Domestic 2 (100%) 186M (100%) - -
Cross-border - - 1 (100%) 331M (100%)
Total 2 $186M 1 $331M

Top M&A Advisors

Financial Deals
CIBC Capital Markets
 1
Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
 1
Legal Deals
Stikeman Elliott
 1

Deal Values

buy # Total
$100M to $1B 1 $186M
TOTAL $186M
Largest Burmis Energy, Inc.
$186M (2008-06-04)
sell # Total
$100M to $1B 1 $331M
TOTAL $331M
Largest Baytex Energy - North Dakota Assets
$331M (2014-07-31)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

3,383   18% 2023
2,889   55% 2022
1,868   92% 2021
975   47% 2020
1,806   27% 2019
1,429   31% 2018
1,092   40% 2017
780   31% 2016
1,130   43% 2015
1,969   45% 2014
1,367   13% 2013
1,219   7% 2012
1,309   2011
(millions of CAD) Show More Show Less

Employees

231

Established

1993

Public

Toronto (TSX): BTE

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