Calgary, Alberta--(Newsfile Corp. - November 3, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") reports its operating and financial results for the three and nine months ended September 30, 2022 (all amounts are in Canadian dollars unless otherwise noted). "We continue to deliver on our commitments with a much-improved balance sheet (0.9x net debt to trailing 12 month EBITDA ratio), substantial free cash flow generation ($478 million through nine months) and a shareholder return framework that is driving real value for our shareholders (3.8% of shares repurchased to-date). We are building operational momentum as we approach 2023 with current Clearwater production of 10,000 bbl/d driving an expected corporate exit rate production of 87,000 to 88,000 boe/d.