Financial Snapshot

Revenue
$3.428B
TTM
Gross Margin
80.07%
TTM
Net Earnings
-$408.5M
TTM
Current Assets
$495.0M
Q2 2024
Current Liabilities
$686.9M
Q2 2024
Current Ratio
72.05%
Q2 2024
Total Assets
$7.771B
Q2 2024
Total Liabilities
$3.813B
Q2 2024
Book Value
$3.958B
Q2 2024
Cash
P/E
-8.236
Nov 29, 2024 EST
Free Cash Flow
$363.1M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue $2.713B $2.326B $1.529B $811.7M $1.486B $1.115B $858.0M $602.0M $880.0M $1.530B $1.115B $1.025B $1.097B $834.3M $685.0M $1.012B $608.6M $471.4M $431.3M $276.9M $302.1M $306.9M $271.9M $235.8M $102.6M $88.40M
YoY Change 16.63% 52.13% 88.37% -45.37% 33.23% 29.97% 42.52% -31.59% -42.48% 37.16% 8.83% -6.54% 31.44% 21.8% -32.31% 66.28% 29.1% 9.3% 55.76% -8.34% -1.56% 12.87% 15.31% 129.82% 16.06%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue $2.713B $2.326B $1.529B $811.7M $1.486B $1.115B $858.0M $602.0M $880.0M $1.530B $1.115B $1.025B $1.097B $834.3M $685.0M $1.012B $608.6M $471.4M $431.3M $276.9M $302.1M $306.9M $271.9M $235.8M $102.6M $88.40M
Cost Of Revenue $570.8M $422.7M $343.0M $331.3M $397.7M $311.6M $269.3M $240.7M $320.2M $353.8M $275.5M $232.4M $209.2M $171.7M $163.2M $172.5M $134.7M $112.4M $110.6M $89.10M $86.00M $75.20M $83.40M $53.80M $25.70M $30.10M
Gross Profit $2.142B $1.903B $1.186B $480.4M $1.088B $803.5M $588.7M $361.3M $559.8M $1.176B $839.9M $792.6M $887.5M $662.6M $521.8M $839.5M $473.9M $359.0M $320.7M $187.8M $216.1M $231.7M $188.5M $182.0M $77.00M $58.30M
Gross Profit Margin 78.96% 81.83% 77.57% 59.18% 73.23% 72.06% 68.61% 60.02% 63.61% 76.87% 75.3% 77.33% 80.93% 79.42% 76.18% 82.95% 77.87% 76.16% 74.36% 67.82% 71.53% 75.5% 69.33% 77.18% 75.05% 65.95%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Selling, General & Admin $421.6M $317.3M $169.9M $120.6M $174.1M $171.1M $156.2M $102.6M $164.9M $229.3M $236.6M $288.6M $323.0M $323.5M $200.8M $256.1M $187.3M $52.60M $43.80M $38.60M $27.50M $6.700M $5.300M $4.300M $3.200M $3.400M
YoY Change 32.85% 86.8% 40.87% -30.73% 1.75% 9.54% 52.24% -37.78% -28.09% -3.09% -18.02% -10.65% -0.15% 61.11% -21.59% 36.73% 256.08% 20.09% 13.47% 40.36% 310.45% 26.42% 23.26% 34.38% -5.88%
% of Gross Profit 19.68% 16.67% 14.32% 25.1% 16.0% 21.29% 26.53% 28.4% 29.46% 19.5% 28.17% 36.41% 36.39% 48.82% 38.48% 30.51% 39.52% 14.65% 13.66% 20.55% 12.73% 2.89% 2.81% 2.36% 4.16% 5.83%
Research & Development $8.896M $30.24M $15.21M $14.00M $11.80M $21.70M $8.300M $6.000M $8.800M $17.70M $10.30M $12.20M $13.90M $24.50M
YoY Change -70.58% 98.78% 8.66% 18.64% -45.62% 161.45% 38.33% -31.82% -50.28% 71.84% -15.57% -12.23% -43.27%
% of Gross Profit 0.42% 1.59% 1.28% 2.91% 1.08% 2.7% 1.41% 1.66% 1.57% 1.51% 1.23% 1.54% 1.57% 3.7%
Depreciation & Amortization $1.048B $587.1M $464.6M $486.4M $731.7M $558.7M $481.9M $508.3M $661.9M $536.6M $329.0M $297.8M $248.5M $202.8M $237.2M $223.9M $189.5M $152.6M $167.1M $160.8M $123.1M $106.8M $367.4M $84.60M $38.00M $106.8M
YoY Change 78.5% 26.36% -4.49% -33.52% 30.96% 15.94% -5.19% -23.21% 23.35% 63.1% 10.48% 19.84% 22.53% -14.5% 5.94% 18.15% 24.18% -8.68% 3.92% 30.63% 15.26% -70.93% 334.28% 122.63% -64.42%
% of Gross Profit 48.92% 30.84% 39.17% 101.25% 67.25% 69.53% 81.86% 140.69% 118.24% 45.63% 39.17% 37.57% 28.0% 30.61% 45.46% 26.67% 39.99% 42.51% 52.1% 85.62% 56.96% 46.09% 194.91% 46.48% 49.35% 183.19%
Operating Expenses $1.499B $950.3M $662.1M $630.0M $931.3M $775.5M $655.1M $623.1M $841.8M $790.9M $582.9M $605.2M $591.5M $556.7M $438.0M $480.0M $376.8M $205.2M $211.0M $199.4M $150.6M $116.4M $376.6M $92.40M $43.30M $112.4M
YoY Change 57.72% 43.54% 5.09% -32.35% 20.09% 18.38% 5.14% -25.98% 6.44% 35.68% -3.68% 2.32% 6.25% 27.1% -8.75% 27.39% 83.63% -2.75% 5.82% 32.4% 29.38% -69.09% 307.58% 113.39% -61.48%
Operating Profit $643.2M $953.1M $524.0M -$149.6M $156.7M $28.00M -$66.40M -$261.8M -$282.0M $385.1M $257.0M $187.4M $296.0M $105.9M $83.80M $359.5M $97.10M $153.8M $109.7M -$11.60M $65.50M $115.3M -$188.1M $89.60M $33.70M -$54.10M
YoY Change -32.52% 81.9% -450.25% -195.47% 459.64% -142.17% -74.64% -7.16% -173.23% 49.84% 37.14% -36.69% 179.51% 26.37% -76.69% 270.24% -36.87% 40.2% -1045.69% -117.71% -43.19% -161.3% -309.93% 165.88% -162.29%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Interest Expense -$124.3M -$322.8M -$377.1M -$89.20M -$52.80M -$169.1M -$8.200M -$104.2M -$171.4M $54.40M -$58.10M $26.60M -$61.30M -$13.10M -$15.40M -$70.70M -$2.800M -$34.90M -$26.30M -$3.400M -$16.20M -$22.50M -$49.20M -$13.80M -$8.400M -$10.00M
YoY Change -61.5% -14.38% 322.73% 68.94% -68.78% 1962.2% -92.13% -39.21% -415.07% -193.63% -318.42% -143.39% 367.94% -14.94% -78.22% 2425.0% -91.98% 32.7% 673.53% -79.01% -28.0% -54.27% 256.52% 64.29% -16.0%
% of Operating Profit -19.32% -33.87% -71.96% -33.69% -603.93% 14.13% -22.61% 14.19% -20.71% -12.37% -18.38% -19.67% -2.88% -22.69% -23.97% -24.73% -19.51% -15.4% -24.93%
Other Income/Expense, Net -$11.49M -$11.99M -$4.147M -$1.300M $2.800M -$2.700M -$6.700M -$12.50M $6.500M -$2.200M -$10.10M -$3.000M -$1.600M
YoY Change -4.2% 189.17% 219.0% -146.43% -203.7% -59.7% -46.4% -292.31% -78.22% 236.67% 87.5%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Pretax Income -$516.6M $890.9M $1.695B -$2.599B -$78.90M -$427.1M -$69.30M -$757.8M -$1.487B $1.600M $217.6M $376.4M $269.6M $107.4M $68.50M $288.8M $94.30M $118.9M $83.40M -$15.00M $30.30M $92.80M -$237.3M $75.80M $25.20M -$64.10M
YoY Change -157.98% -47.43% -165.2% 3194.55% -81.53% 516.31% -90.86% -49.04% -93037.5% -99.26% -42.19% 39.61% 151.02% 56.79% -76.28% 206.26% -20.69% 42.57% -656.0% -149.5% -67.35% -139.11% -413.06% 200.79% -139.31%
Income Tax -$283.2M $35.31M $81.24M -$160.4M -$66.50M -$101.8M -$64.60M -$272.6M -$344.1M $134.4M $52.80M $117.8M $52.10M -$124.2M -$19.10M $25.60M -$42.70M -$32.80M $1.700M -$32.20M -$4.900M $47.70M -$100.2M $32.00M $11.10M -$25.70M
% Of Pretax Income 3.96% 4.79% 8400.0% 24.26% 31.3% 19.32% -115.64% -27.88% 8.86% -45.28% -27.59% 2.04% -16.17% 51.4% 42.22% 44.05%
Net Earnings -$233.4M $855.6M $1.614B -$2.439B -$12.50M -$325.3M $87.20M -$485.2M -$1.143B -$132.8M $164.8M $258.6M $217.4M $231.6M $87.60M $259.9M $132.9M $147.1M $79.90M $16.80M $35.80M $45.10M -$137.1M $43.80M $14.10M -$38.40M
YoY Change -127.27% -46.98% -166.16% 19412.0% -96.16% -473.05% -117.97% -57.55% 760.62% -180.58% -36.27% 18.95% -6.13% 164.38% -66.29% 95.56% -9.65% 84.11% 375.6% -53.07% -20.62% -132.9% -413.01% 210.64% -136.72%
Net Earnings / Revenue -8.6% 36.78% 105.53% -300.48% -0.84% -29.17% 10.16% -80.6% -129.88% -8.68% 14.77% 25.23% 19.82% 27.76% 12.79% 25.68% 21.84% 31.2% 18.53% 6.07% 11.85% 14.7% -50.42% 18.58% 13.74% -43.44%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.33 $1.52 $2.823M -$4.350M -$22.44K -$925.5K $367.6K -$2.285M -$5.766M -$891.9K $1.314M $2.123M $1.828M $2.010M $817.2K $2.696M $1.545M $1.830M $1.078M $255.7K $633.6K $847.7K -$2.731M $1.009M $367.2K -$1.123M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Cash & Short-Term Investments $55.82M $5.464M $0.00 $5.600M $0.00 $2.700M $200.0K $1.100M $18.40M $1.800M $7.800M $0.00 $10.20M $0.00 $53.70M $4.100M $0.00
YoY Change 921.5% -100.0% -100.0% 1250.0% -81.82% -94.02% 922.22% -76.92% -100.0% 1209.76%
Cash & Equivalents $53.70M
Short-Term Investments
Other Short-Term Assets $44.80M $10.11M $8.654M $5.100M $5.400M $79.60M $18.50M $2.200M $106.6M $220.1M $83.70M $20.20M $14.30M $17.20M $34.10M $85.70M $11.50M $3.400M $5.200M $0.00 $0.00 $46.90M $0.00 $0.00 $46.10M
YoY Change 343.38% 16.77% 69.69% -5.56% -93.22% 330.27% 740.91% -97.94% -51.57% 162.96% 314.36% 41.26% -16.86% -49.56% -60.21% 645.22% 238.24% -34.62% -100.0% -100.0%
Inventory $300.0K $1.500M $1.400M $900.0K $1.800M $1.400M $300.0K $6.000M $9.600M $10.00M $7.300M $5.900M
Prepaid Expenses
Receivables $339.4M $228.5M $173.4M $107.5M $173.8M $111.6M $112.8M $112.2M $98.10M $203.3M $141.7M $171.0M $160.6M $118.0M $133.9M $87.60M $105.2M $64.70M $73.90M $41.20M $48.60M $52.70M $44.30M $38.40M $23.80M $22.80M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $42.90M $30.50M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $440.0M $244.1M $182.1M $112.5M $184.8M $191.1M $131.4M $117.1M $204.9M $424.8M $245.2M $194.3M $226.6M $167.5M $179.5M $173.6M $122.7M $77.80M $89.00M $48.50M $108.2M $56.80M $91.20M $38.40M $23.80M $68.90M
YoY Change 80.3% 34.05% 61.83% -39.12% -3.3% 45.43% 12.21% -42.85% -51.77% 73.25% 26.2% -14.25% 35.28% -6.69% 3.4% 41.48% 57.71% -12.58% 83.51% -55.18% 90.49% -37.72% 137.5% 61.34% -65.46%
Property, Plant & Equipment $6.746B $4.802B $4.653B $3.289B $5.729B $6.186B $4.241B $4.477B $5.279B $5.560B $2.415B $2.306B $2.187B $1.765B $1.664B $1.601B $1.247B $959.6M $969.7M $1.010B $866.6M $932.3M $867.2M $791.0M $394.7M $344.1M
YoY Change 40.47% 3.22% 41.48% -42.6% -7.38% 45.87% -5.28% -15.2% -5.05% 130.21% 4.74% 5.43% 23.9% 6.1% 3.92% 28.42% 29.92% -1.04% -3.98% 16.54% -7.05% 7.51% 9.63% 100.41% 14.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $274.9M $57.24M $0.00 $7.100M $0.00 $4.400M $500.0K $0.00 $10.30M $10.50M $3.000M $0.00 $0.00 $4.500M $9.000M $6.500M $7.800M $8.700M $8.700M $600.0K
YoY Change 380.18% -100.0% -100.0% 780.0% -100.0% -1.9% 250.0% -100.0% -50.0% 38.46% -16.67% -10.34% 0.0% 1350.0%
Total Long-Term Assets $7.021B $4.860B $4.653B $3.296B $5.729B $6.186B $4.241B $4.477B $5.284B $5.806B $2.453B $2.344B $2.235B $1.814B $1.705B $1.639B $1.285B $1.002B $1.017B $1.056B $874.4M $941.0M $875.8M $791.6M $394.6M $344.1M
YoY Change 44.47% 4.45% 41.18% -42.48% -7.38% 45.87% -5.28% -15.27% -8.99% 136.67% 4.66% 4.86% 23.25% 6.39% 4.02% 27.57% 28.22% -1.46% -3.69% 20.72% -7.08% 7.44% 10.64% 100.61% 14.68%
Total Assets $7.461B $5.104B $4.835B $3.408B $5.914B $6.377B $4.372B $4.594B $5.489B $6.231B $2.698B $2.538B $2.462B $1.981B $1.884B $1.812B $1.407B $1.080B $1.106B $1.104B $982.6M $997.8M $967.0M $830.0M $418.4M $413.0M
YoY Change
Accounts Payable $477.3M $272.2M $190.7M $156.0M $207.5M $258.1M $144.5M $113.0M $267.8M $398.3M $213.1M $181.6M $138.2M $92.10M $105.0M $164.4M $104.3M $71.50M $90.00M $73.00M $80.10M $92.60M $64.30M $80.80M $44.00M $26.50M
YoY Change 75.35% 42.74% 22.24% -24.82% -19.6% 78.62% 27.88% -57.8% -32.76% 86.91% 17.35% 31.4% 50.05% -12.29% -36.13% 57.62% 45.87% -20.56% 23.29% -8.86% -13.5% 44.01% -20.42% 83.64% 66.04%
Accrued Expenses $74.70M $77.70M $63.50M
YoY Change -3.86% 22.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $272.8M $208.5M $241.7M $127.5M $123.6M $161.4M $0.00 $0.00 $73.80M $0.00 $0.00 $0.00
YoY Change -100.0% 30.84% -13.74% 89.57% 3.16% -23.42% -100.0%
Long-Term Debt Due $13.39M $3.521M $2.938M $4.300M $5.800M $0.00 $0.00 $0.00 $2.000M $0.00
YoY Change 280.32% 19.84% -31.67% -25.86% -100.0%
Total Short-Term Liabilities $558.0M $288.5M $338.7M $198.9M $233.5M $260.1M $197.2M $151.0M $267.8M $469.9M $269.6M $219.2M $277.0M $226.4M $486.3M $415.8M $395.5M $213.6M $223.9M $253.9M $89.20M $92.60M $140.2M $80.80M $44.00M $26.50M
YoY Change 93.4% -14.82% 70.3% -14.82% -10.23% 31.9% 30.6% -43.61% -43.01% 74.3% 22.99% -20.87% 22.35% -53.44% 16.96% 5.13% 85.16% -4.6% -11.82% 184.64% -3.67% -33.95% 73.51% 83.64% 66.04%
Long-Term Debt $2.427B $933.6M $1.385B $1.789B $1.842B $2.104B $1.686B $1.754B $1.855B $2.062B $675.4M $557.6M $609.7M $450.7M $150.0M $227.5M $190.0M $228.6M $283.6M $216.6M $232.6M $327.0M $330.1M $213.9M $116.4M $157.1M
YoY Change 159.97% -32.57% -22.6% -2.87% -12.46% 24.76% -3.87% -5.43% -10.06% 205.34% 21.13% -8.55% 35.28% 200.47% -34.07% 19.74% -16.89% -19.39% 30.93% -6.88% -28.87% -0.94% 54.32% 83.76% -25.91%
Other Long-Term Liabilities $629.3M $585.3M $732.6M $748.6M $656.4M $646.9M $369.0M $334.4M $296.0M $286.0M $222.5M $272.7M $275.2M $178.5M $56.00M $49.40M $45.20M $42.20M $37.60M $73.30M $56.00M $34.10M $39.20M $17.60M $17.40M $12.10M
YoY Change 7.52% -20.1% -2.14% 14.05% 1.47% 75.31% 10.35% 12.97% 3.5% 28.54% -18.41% -0.91% 54.17% 218.75% 13.36% 9.29% 7.11% 12.23% -48.7% 30.89% 64.22% -13.01% 122.73% 1.15% 43.8%
Total Long-Term Liabilities $3.056B $1.519B $2.117B $2.538B $2.498B $2.751B $2.055B $2.089B $2.151B $2.348B $897.9M $830.3M $884.9M $629.2M $206.0M $276.9M $235.2M $270.8M $321.2M $289.9M $288.6M $361.1M $369.3M $231.5M $133.8M $169.2M
YoY Change 101.22% -28.25% -16.57% 1.58% -9.19% 33.84% -1.59% -2.9% -8.41% 161.53% 8.14% -6.17% 40.64% 205.44% -25.6% 17.73% -13.15% -15.69% 10.8% 0.45% -20.08% -2.22% 59.52% 73.02% -20.92%
Total Liabilities $3.636B $2.073B $2.623B $2.830B $2.967B $3.322B $2.457B $2.615B $3.074B $3.724B $1.416B $1.239B $1.255B $869.9M $872.0M $885.0M $805.9M $620.5M $717.6M $721.6M $574.5M $638.1M $655.9M $450.7M $188.2M $197.5M
YoY Change 75.36% -20.96% -7.3% -4.62% -10.68% 35.19% -6.04% -14.93% -17.45% 163.02% 14.3% -1.31% 44.28% -0.24% -1.47% 9.82% 29.88% -13.53% -0.55% 25.6% -9.97% -2.71% 45.53% 139.48% -4.71%

Ownership

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
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Dividends

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Market Cap: $3.3649 Billion

About BAYTEX ENERGY CORP.

Baytex Energy Corp. operates as an oil & gas exploration and production company. The company is headquartered in Calgary, Alberta and currently employs 367 full-time employees. The company went IPO on 2011-07-12. The firm is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. The company also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

Industry: Drilling Oil & Gas Wells Peers: