Baytex Energy Corp.

Baytex Energy Corp.

September 14, 2011 09:00 ET

Baytex Announces Management Appointment for U.S. Business Unit

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2011) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) is pleased to announce that Daniel Anderson has been appointed President of Baytex's wholly-owned subsidiary, Baytex Energy USA Ltd., which is based in Denver, Colorado. Mr. Anderson has also been appointed Vice President, U.S. Business Unit of Baytex Energy Corp.

Mr. Anderson has over 25 years of experience in the upstream and mid-stream energy industry in the U.S. He was formerly Vice President of Rocky Mountain and Mid-Continent Production with Berry Petroleum Company. Mr. Anderson previously held a variety of technical and management positions with Williams, Barrett Resources, Santa Fe Snyder and Conoco. His work has involved both operating and business development activities in the Williston Basin, U.S. Rockies, Mid-Continent and Gulf Coast regions. Mr. Anderson received a Bachelor of Science degree in Petroleum Engineering from the Colorado School of Mines.

Baytex has a largely-contiguous leasehold position of approximately 125,000 net acres in Divide and Williams Counties in North Dakota. Our Bakken/Three Forks project in North Dakota constitutes our largest light oil investment program and provides product mix balance to our heavy oil growth in Western Canada. Mr. Anderson will lead the development of our existing assets in North Dakota and Wyoming and our evaluation of investment opportunities elsewhere in the U.S. This management appointment further strengthens Baytex as we execute our growth-and-income business model in our new corporate era.

The common shares of Baytex Energy Corp. are traded on the Toronto Stock Exchange and the New York Stock Exchange under the trading symbol BTE.

Contact Information

  • Baytex Energy Corp.
    Anthony Marino
    President and Chief Executive Officer
    (587) 952-3100

    Baytex Energy Corp.
    Derek Aylesworth
    Chief Financial Officer
    (587) 952-3120

    Baytex Energy Corp.
    Brian Ector
    Vice President, Investor Relations
    (587) 952-3237 or Toll Free: 1-800-524-5521