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Shareholders' Capital (Tables)
12 Months Ended
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, 2020561,227 $5,729,418 
Vesting of share awards 2,986 7,175 
Balance, December 31, 2021564,213 $5,736,593 
Vesting of share awards5,035 8,501 
Common shares repurchased and cancelled(24,318)(245,430)
Balance, December 31, 2022544,930 $5,499,664