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Segmented Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Operating Segments [Abstract] |
Information by reportable segment | Baytex's reportable segments are determined based on the geographic location and nature of the underlying operations: •Canada includes the exploration for, and the development and production of, crude oil and natural gas in Western Canada; •U.S. includes the exploration for, and the development and production of, crude oil and natural gas in the U.S.; and •Corporate includes corporate activities and items not allocated between operating segments.
| Canada | U.S. | Corporate | Consolidated
Years Ended December 31 | 2021 |  | 2020 | 2021 |  | 2020 | 2021 |  | 2020 | 2021 |  | 2020
Revenue, net of royalties |  |  |  |  |  |  |  |
Petroleum and natural gas sales | $ | 1,128,137 |  | $ | 571,741 |  | $ | 740,058 |  | $ | 403,736 |  | $ | — |  | $ | — |  | $ | 1,868,195 |  | $ | 975,477 |
Royalties | (121,306) |  | (46,064) |  | (217,850) |  | (117,671) |  | — |  | — |  | (339,156) |  | (163,735) |
| 1,006,831 |  | 525,677 |  | 522,208 |  | 286,065 |  | — |  | — |  | 1,529,039 |  | 811,742 |
Expenses |  |  |  |  |  |  |  |
Operating | 257,658 |  | 247,050 |  | 85,344 |  | 84,295 |  | — |  | — |  | 343,002 |  | 331,345 |
Transportation | 32,261 |  | 28,437 |  | — |  | — |  | — |  | — |  | 32,261 |  | 28,437 |
Blending and other | 85,689 |  | 48,381 |  | — |  | — |  | — |  | — |  | 85,689 |  | 48,381 |
General and administrative | — |  | — |  | — |  | — |  | 40,804 |  | 34,268 |  | 40,804 |  | 34,268 |
Exploration and evaluation | 15,212 |  | 14,011 |  | — |  | — |  | — |  | — |  | 15,212 |  | 14,011 |
Depletion and depreciation | 303,135 |  | 309,420 |  | 155,806 |  | 169,439 |  | 5,639 |  | 7,521 |  | 464,580 |  | 486,380 |
Impairment (reversal) loss | (1,100,000) |  | 1,737,000 |  | (442,414) |  | 623,220 |  | — |  | — |  | (1,542,414) |  | 2,360,220 |
Share-based compensation | — |  | — |  | — |  | — |  | 11,130 |  | 9,469 |  | 11,130 |  | 9,469 |
Financing and interest | — |  | — |  | — |  | — |  | 111,159 |  | 125,441 |  | 111,159 |  | 125,441 |
Financial derivatives loss (gain) | — |  | — |  | — |  | — |  | 287,872 |  | (29,336) |  | 287,872 |  | (29,336) |
Foreign exchange (gain) loss | — |  | — |  | — |  | — |  | (2,868) |  | 8,688 |  | (2,868) |  | 8,688 |
(Gain) loss on dispositions | (9,856) |  | (901) |  | 190 |  | — |  | — |  | — |  | (9,666) |  | (901) |
Other (income) expense | (2,857) |  | (2,128) |  | — |  | — |  | 295 |  | (3,176) |  | (2,562) |  | (5,304) |
| (418,758) |  | 2,381,270 |  | (201,074) |  | 876,954 |  | 454,031 |  | 152,875 |  | (165,801) |  | 3,411,099 |
Net income (loss) before income taxes | 1,425,589 |  | (1,855,593) |  | 723,282 |  | (590,889) |  | (454,031) |  | (152,875) |  | 1,694,840 |  | (2,599,357) |
Income tax expense (recovery) |  |  |  |  |  |  |  |
Current income tax (recovery) expense | (548) |  | 469 |  | 1,820 |  | 105 |  | — |  | — |  | 1,272 |  | 574 |
Deferred income tax expense (recovery) | 86,928 |  | (77,201) |  | 72,913 |  | (57,199) |  | (79,873) |  | (26,567) |  | 79,968 |  | (160,967) |
| 86,380 |  | (76,732) |  | 74,733 |  | (57,094) |  | (79,873) |  | (26,567) |  | 81,240 |  | (160,393) |
Net income (loss) | $ | 1,339,209 |  | $ | (1,778,861) |  | $ | 648,549 |  | $ | (533,795) |  | $ | (374,158) |  | $ | (126,308) |  | $ | 1,613,600 |  | $ | (2,438,964) |
Additions to exploration and evaluation assets | 3,298 |  | 4,490 |  | — |  | — |  | — |  | — |  | 3,298 |  | 4,490 |
Additions to oil and gas properties | 204,912 |  | 170,462 |  | 105,093 |  | 105,388 |  | — |  | — |  | 310,005 |  | 275,850 |
Property acquisitions | 1,557 |  | — |  | — |  | — |  | — |  | — |  | 1,557 |  | — |
Proceeds from dispositions | (7,211) |  | (182) |  | (593) |  | — |  | — |  | — |  | (7,804) |  | (182) |
Assets by segment |
As at | December 31, 2021 | December 31, 2020
Canadian assets | $ | 2,658,281 |  | $ | 1,646,412 |
U.S. assets | 2,152,323 |  | 1,737,533 |
Corporate assets | 24,039 |  | 24,151 |
Total consolidated assets | $ | 4,834,643 |  | $ | 3,408,096 |

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