08:59 AM EST, 11/12/2025 (MT Newswires) -- Baytex Energy Corp. ( BTE ) was down 0.75% in US premarket trade Wednesday as it entered into a definitive purchase and sale agreement to sell its U.S. Eagle Ford assets to an undisclosed buyer for US$2.305 billion (approximately $3.25 billion) in cash.

"This Ttansaction positions Baytex as a focused, high-return Canadian energy producer," said Eric T. Greager, President and Chief Executive Officer. "Consistent with our disciplined approach to portfolio management, we continually review our asset base to maximize long-term value. Monetizing our U.S. Eagle Ford assets strengthens our balance sheet, supports capital allocation to our highest-return opportunities and positions us to deliver meaningful shareholder returns."