Baytex bets big on a shale payoff

The shale gas sector's wave of consolidation has not curbed the enthusiasm of companies like Baytex or BHP, with quick paybacks and high returns vindicating the capital-intensive investment.

The $1.84 billion agreed takeover of Aurora Oil and Gas by Canada’s Baytex Energy illustrates some of the complexities around perceptions of the US shale gas sector.


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