In a potential strategic shift, Baytex Energy Corp. is exploring the sale of its Eagle Ford assets in South Texas—estimated to fetch up to $3 billion—as it seeks to sharpen its focus on Canadian growth. The move would mark a reversal from Baytex’s 2023 acquisition of Ranger Oil, which doubled its U.S. footprint and boosted free cash flow. With crude prices hovering near $60 per barrel, the Eagle Ford’s higher decline rates and maturing inventory have weighed on returns, prompting a renewed focus on Baytex’s heavy oil and Clearwater plays in Western Canada.
Eagle Ford Oil & Gas Operator Account Directory
Includes: Account Name, Location, Phone, Website, Wells Drilled….
Here’s a summary of your Baytex USA Development 3-Year Drilling Report for the Eagle Ford:
🧾 Overall Activity Summary
- Total Records: 144
- Last 3 Years Covered: 2023–2025 (all records fall within this range)
- Record Count by Year:
- 2023: 56
- 2024: 49
- 2025: 39
- 2023: 56
📍 Top 3 Counties by Activity
| County | Total | 2023 | 2024 | 2025 |
| Lavaca | 64 | 24 | 21 | 19 |
| Gonzales | 40 | 8 | 18 | 14 |
| De Witt | 12 | 6 | 6 | 0 |
Observation:
Lavaca County remains the most active over the three years, maintaining consistent drilling each year. Gonzales County saw a notable increase in 2024, while De Witt activity halted in 2025.
🛠️ Contractor and Rig Summary (2023–2025)
| Contractor | Total Rigs | Share of Total |
| H&P (Helmerich & Payne) | 139 | 97% |
| Precision Drilling | 2 | 3% |
Summary:
Baytex USA’s drilling activity has been almost entirely dominated by H&P rigs over the last three years, showing a high operational consistency with minimal contractor variation.
If completed, the sale could significantly reshape Baytex’s production profile—currently anchored by 82,000 barrels per day from the Eagle Ford—and align its capital allocation with assets offering stronger long-term economics. The company’s three-year drilling data underscores the maturity of its U.S. position, with activity steadily declining from 56 wells in 2023 to 39 in 2025, and nearly all work performed by Helmerich & Payne rigs. Refocusing on Canada could enhance operating efficiency, reduce debt, and strengthen Baytex’s position among top-tier North American oil producers.
