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Baytex Announces 2024 Budget And 5-Year Outlook With Continued Focus On Free Cash Flow Generation And Shareholder Returns; 2024 Exploration And Development Expenditures Of $1.2B-$1.3B Designed To Generate Average Annual Production Of 150K-156K Barrels/…

Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announces that its Board of Directors has approved a budget for 2024 exploration and development expenditures of $1.2 to $1.3 billion, which is designed to generate