Baytex Energy (BTE.TO) Sells Eagle Ford Assets for US$2.305 Billion; Stock Jumps After CIRO Halt — Nov. 12, 2025
Calgary producer exits the U.S., refocuses on higher‑return Canadian oil plays, plans debt repayment and accelerated shareholder returns. Baytex Energy Corp. said today it has signed a definitive agreement to sell all of its U.S. Eagle Ford assets to an **undisclosed buyer for US$2.305 billion in cash. Management framed the deal as a pivot to “a focused, high‑return Canadian energy producer,” emphasizing heavy oil, Viking light oil, and the rapidly scaling Pembina Duvernay. baytexenergy.com