Baytex Energy Corp. has completed the sale of its U.S. Eagle Ford assets for US$2.14 billion (≈C$2.96 billion), marking a major strategic pivot for the company.

Baytex Energy’s decision to sell its U.S. Eagle Ford assets, with an expected closing date of December 19, 2025, is not happening in a vacuum. The timing lines up precisely with a concentrated burst of drilling and facility-level activity that has quietly reshaped the value of the asset over the past two years.

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.