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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 35,700 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused on the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Comment by kavern23on Nov 09, 2021 5:07pm
92 Views
Post# 34106949

RE:RE:Q3 Report Wells

RE:RE:Q3 Report WellsHey John yeah I read it as seperate as they didn't use the word "combined" or they would have said the pad averaged that if combined....

Seperate wells. They didn't break it out as when I saw the 5 days of production each well is similar....both boomers.

Pad 3-3 is an ideal spot in crimson...probably high graded to get the 100 cad and short payback period.


JohnJBond wrote: "3-3 pad – IP30 rates for the two wells averaged 494 boe/d (70 percent light oil)"

Do you read that to mean both wells combined produced an average of 494 boe/day total

or

Do you read it to mean that each well had an average production of 494 boe/day each.





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