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Shareholders' Capital (Tables) | 12 Months Ended
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Dec. 31, 2022
Share Capital, Reserves And Other Equity Interest [Abstract] |
Schedule of shareholders' capital | All common shares rank equally with regard to the Company's net assets in the event the Company is wound-up or terminated. During 2022, the TSX accepted Baytex's notice of intention to implement an NCIB. Under the terms of the NCIB, the Company may purchase for cancellation up to 56.3 million common shares over the 12-month period commencing May 9, 2022. The number of shares authorized for repurchase represents 10% of the Company's public float as at April 29, 2022. Purchases are made on the open market at prices prevailing at the time of the transaction.
| Number of Common Shares (000s) | Amount
Balance, December 31, 2020 | 561,227 |  | $ | 5,729,418 |
Vesting of share awards | 2,986 |  | 7,175 |
Balance, December 31, 2021 | 564,213 |  | $ | 5,736,593 |
Vesting of share awards | 5,035 |  | 8,501 |
Common shares repurchased and cancelled | (24,318) |  | (245,430) |
Balance, December 31, 2022 | 544,930 |  | $ | 5,499,664 |

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- Definition The disclosure of classes of share capital. [Refer: Share capital [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 79 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_79_a&doctype=Standard -URIDate 2022-03-24 + Details
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