Baytex Energy Corp. reports its operating and financial results for the three months and year ended December 31, 2020 . In 2020, we responded aggressively to the downturn.
Baytex Energy Corp. reports that the nominees listed in its Information Circular-Proxy Statement for the 2019 Annual and Special Meeting of Shareholders were elected as directors. Detailed results of.
(1)
The terms adjusted funds flow , exploration and development expenditures , net debt and operating netback do not have any standardized meaning as prescribed by Canadian Generally Accepted Accounting Principles ( GAAP ) and therefore may not be comparable to similar measures presented by other companies where similar terminology is used. See the advisory on non-GAAP measures at the end of this press release.
(2)
Barrel of oil equivalent ( boe ) amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil. The use of boe amounts may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.