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Segmented Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
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 | 2022 |  | 2021 | 2022 |  | 2021 | 2022 |  | 2021 | 2022 |  | 2021
Revenue, net of royalties |  |  |  |  |  |  |  |
Petroleum and natural gas sales | $ | 1,926,561 |  | $ | 1,128,137 |  | $ | 962,484 |  | $ | 740,058 |  | $ | — |  | $ | — |  | $ | 2,889,045 |  | $ | 1,868,195 |
Royalties | (277,428) |  | (121,306) |  | (285,536) |  | (217,850) |  | — |  | — |  | (562,964) |  | (339,156) |
| 1,649,133 |  | 1,006,831 |  | 676,948 |  | 522,208 |  | — |  | — |  | 2,326,081 |  | 1,529,039 |
Expenses |  |  |  |  |  |  |  |
Operating | 327,894 |  | 257,658 |  | 94,772 |  | 85,344 |  | — |  | — |  | 422,666 |  | 343,002 |
Transportation | 48,561 |  | 32,261 |  | — |  | — |  | — |  | — |  | 48,561 |  | 32,261 |
Blending and other | 189,454 |  | 85,689 |  | — |  | — |  | — |  | — |  | 189,454 |  | 85,689 |
General and administrative | — |  | — |  | — |  | — |  | 50,270 |  | 40,804 |  | 50,270 |  | 40,804 |
Exploration and evaluation | 30,239 |  | 15,212 |  | — |  | — |  | — |  | — |  | 30,239 |  | 15,212 |
Depletion and depreciation | 409,286 |  | 303,135 |  | 171,747 |  | 155,806 |  | 6,017 |  | 5,639 |  | 587,050 |  | 464,580 |
Impairment reversal | (267,744) |  | (1,100,000) |  | — |  | (442,414) |  | — |  | — |  | (267,744) |  | (1,542,414) |
Share-based compensation | — |  | — |  | — |  | — |  | 29,056 |  | 11,130 |  | 29,056 |  | 11,130 |
Financing and interest | — |  | — |  | — |  | — |  | 104,817 |  | 111,159 |  | 104,817 |  | 111,159 |
Financial derivatives loss | — |  | — |  | — |  | — |  | 199,010 |  | 287,872 |  | 199,010 |  | 287,872 |
Foreign exchange loss (gain) | — |  | — |  | — |  | — |  | 43,441 |  | (2,868) |  | 43,441 |  | (2,868) |
(Gain) loss on dispositions | (4,898) |  | (9,856) |  | — |  | 190 |  | — |  | — |  | (4,898) |  | (9,666) |
Other (income) expense | (4,009) |  | (2,857) |  | — |  | — |  | 7,253 |  | 295 |  | 3,244 |  | (2,562) |
| 728,783 |  | (418,758) |  | 266,519 |  | (201,074) |  | 439,864 |  | 454,031 |  | 1,435,166 |  | (165,801) |
Net income (loss) before income taxes | 920,350 |  | 1,425,589 |  | 410,429 |  | 723,282 |  | (439,864) |  | (454,031) |  | 890,915 |  | 1,694,840 |
Income tax expense |  |  |  |  |  |  |  |
Current income tax expense |  |  |  |  |  |  | 3,594 |  | 1,272 |
Deferred income tax expense |  |  |  |  |  |  | 31,716 |  | 79,968 |
|  |  |  |  |  |  | 35,310 |  | 81,240 |
Net income (loss) | $ | 920,350 |  | $ | 1,425,589 |  | $ | 410,429 |  | $ | 723,282 |  | $ | (439,864) |  | $ | (454,031) |  | $ | 855,605 |  | $ | 1,613,600 |
Additions to exploration and evaluation assets | 6,359 |  | 3,298 |  | — |  | — |  | — |  | — |  | 6,359 |  | 3,298 |
Additions to oil and gas properties | 374,443 |  | 204,912 |  | 140,740 |  | 105,093 |  | — |  | — |  | 515,183 |  | 310,005 |
Property acquisitions | 1,352 |  | 1,557 |  | — |  | — |  | — |  | — |  | 1,352 |  | 1,557 |
Proceeds from dispositions | (25,649) |  | (7,211) |  | — |  | (593) |  | — |  | — |  | (25,649) |  | (7,804) |
Assets by segment |
As at | December 31, 2022 | December 31, 2021
Canadian assets | $ | 2,779,596 |  | $ | 2,658,281 |
U.S. assets | 2,301,047 |  | 2,152,323 |
Corporate assets | 23,126 |  | 24,039 |
Total consolidated assets | $ | 5,103,769 |  | $ | 4,834,643 |

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