Baytex Energy Trust (BTE,BTE_UN.TO) said its Board of Directors has approved a 2010 capital budget of C$235 million for exploration and development, or E&D, activities, as compared to an estimated C$165 million E&D program in 2009. This budget is designed to generate an average production rate of 43,500 boe/d, as compared to approximately 41,300 boe/d in 2009.
Baytex plans to convert to a corporation by the end of 2010.
Baytex also announced that its Board of Directors has approved a distribution level of C$0.18 per unit per month, an increase of 50% from the current level of C$0.12 per unit per month. The C$0.18 per unit distribution will commence with the distribution in respect of December 2009 operations, which will be payable on January 14, 2010 to unitholders of record on December 31, 2009.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.