Baytex Energy (BTE) agrees to buy ~46 sections of undeveloped oil sands leases in the Cold Lake...

|About: Baytex Energy Corp. (BTE)|By:, SA News Editor

Baytex Energy (BTE) agrees to buy ~46 sections of undeveloped oil sands leases in the Cold Lake area of Alberta for $120M. BTE says the acquisition adds an approved steam-assisted gravity drainage project to its asset portfolio, which currently includes thermal recovery projects at Seal in the Peace River Oil Sands and at Kerrobert in Saskatchewan.