Baytex unveils 2026 capital plan and names new executive

Baytex Energy outlined a $625 million capital budget for 2026, with 55% for light oil and 45% for heavy oil, and set a 3%-5% annual production growth target toward 75,000 by 2028. The company plans to return part of its Eagle Ford sale proceeds to shareholders and named Chad E Lundberg as president and COO. Shares rose over 2% premarket.