Baytex Energy Corp. (TSX: BTE, NYSE: BTE) has announced a landmark deal to divest its entire U.S. Eagle Ford position for US$2.305 billion (≈ C$3.25 billion) in cash. The move transforms Baytex into a pure-play Canadian producer, sharpening its focus on high-return heavy oil and emerging shale assets in Alberta.

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.