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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 Mar 29, 2022 3:44pm
195 Views
Post# 34556534

RE:Any ideas?

RE:Any ideas?They mostly look like old vertical cardium wells OBE has from the 1950's.....

Whitecap drilled a well jan 2021 in this area targeting cardium oil and results look good...63000 barrels in 1 year of production is very economic right now.

Whitecap is likely willing to take on this reclaimation liability in the future for access to the existing leases....WCP can drill new pads from the old leases.

Save road construction and lease building costs....and even use some of the same old pipelines.

OBE prob doesnt have enough cardium rights in this area on virgin untapped ground.

WCP has alot of land here...and money too drill.

Tim14235 wrote: Application to transfer existing AER licences from the current licensee of record Obsidian Energy Ltd. to Whitecap Resources Inc. Application includes 156 Wells, 14 Facilities and 4 Pipeline Licence(s).

05-049-10W5M,06-049-10W5M,07-049-10W5M,08-049-10W5M,17-049-10W5M,18-049-10W5M,19-049-10W5M,20-049-10W5M,28-049-10W5M,29-049-10W5M,30-049-10W5M,31-049-10W5M,32-049-10W5M,33-049-10W5M,34-049-10W5M,01-050-10W5M,02-050-10W5M,03-050-10W5M,04-050-10W5M,05-050-10W5M,06-050-10W5M,07-050-10W5M,08-050-10W5M,09-050-10W5M,10-050-10W5M,12-050-10W5M,13-049-11W5M,14-049-11W5M,15-049-11W5M,22-049-11W5M,23-049-11W5M,24-049-11W5M,25-049-11W5M,26-049-11W5M,27-049-11W5M,28-049-11W5M,33-049-11W5M,34-049-11W5M,35-049-11W5M,36-049-11W5M,02-050-11W5M,03-050-11W5M,04-050-11W5M


Some of this looks Bigoray




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