EX-21.1 3 tm2310506d2_ex21-1.htm EXHIBIT 21.1

Exhibit 21.1

Subsidiaries of Baytex Energy Corp.*

The following list of subsidiaries applies after completion of the Transactions:

Subsidiary | Jurisdiction
Baytex Energy Ltd. | Alberta
Baytex Energy USA, Inc. | Delaware
Baytex Energy Limited Partnership | Alberta

* Other subsidiaries of Baytex Energy Corp. have been omitted because, in the aggregate, they would not be a “significant subsidiary” as defined in rule 1-02(w) of Regulation S-X as of the completion of the Transactions.