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Commitments and Contingencies

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies [Abstract]

COMMITMENTS

Baytex has a number of financial obligations that are incurred in the ordinary course of business. These obligations are of a recurring nature and impact the Company’s cash flow from operations in an ongoing manner. A significant portion of these obligations will be funded by adjusted funds flow. These obligations as of December 31, 2020, and the expected timing of funding of these obligations, are noted in the table below.


	Total		Less than 1 year		1-3 years		3-5 years		Beyond 5 years
Processing agreements	$	6,361	836		1,320		474		3,731
Transportation agreements	98,406		16,698		40,351		24,903		16,454
Total	$	104,767	$	17,534	$	41,671	$	25,377	$	20,185

Baytex also has ongoing obligations related to the abandonment and reclamation of well sites and facilities which have reached the end of their economic lives. The present value of the future estimated abandonment and reclamation costs are included in the asset retirement obligations presented in the statements of financial position. Programs to abandon and reclaim wellsites and facilities are undertaken regularly in accordance with applicable legislative requirements.