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Baytex spending millions more in 2012!!!

On December 6, Baytex Energy Corp announced the approval of its 2012 capital budget of $400 million for exploration and development (E and D) activities.

"It will be a record year for our operations in the Peace River Oil Sands," said Brian Ector, Vice President of Investor Relations at Baytex.

"2012 will be the largest exploration and development cap program in our company's history being directed into the Peace River region."

The company's budget saw an increase of $45 million from its 2011 budget, which rang in at $355 million......  - to read the rest of what is happening in the Peace River area click on the link above to take you to the story

Peace River is beginning to move - and with the newly create Centre of Excellence soon to be in place to help those looking for opportunities in the oilfield industry  the future looks very bright ahead

Published Tuesday, January 3, 2012 5:20 PM by Andy Gauvreau

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