Peavine
Oil Gas
Type
Operating
Status
🇨🇦 Canada, Alberta (Western Canadian Sedimentary Basin)
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Interest type:
-
Interest type:
-
Interest rate:
-
Interest rate:
-
Extraction:
Conventional Oil Gas
Extraction:
Conventional Oil Gas
Interest conditions:
Two waterflood pilot projects advancing in 2026 to test enhanced recovery and moderated decline rates on Clearwater multi-lateral primary development.
Description
As at 31 December 2025
Heavy oil development in the Peavine area of Alberta targeting the Clearwater formation via multi-lateral primary horizontal wells. 2025 production averaged 19,235 bbl/d heavy oil (100% heavy oil). Largest producing area in Baytex's heavy oil business unit. 2026 program: advancing two waterflood pilot projects testing enhanced recovery and moderated decline rates; included in broader 91-well heavy oil drilling program planned onstream in 2026 across the heavy oil business unit. Five drilling rigs currently active across the heavy oil fairway (Peavine Clearwater + Lloydminster Mannville).
Oil & Gas metrics
As at 31 December 2025
Premium access required
This content is available on a paid plan.
Upgrade to Premium to unlock this content.