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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 Kramerkarmaon Jul 30, 2021 3:43pm
59 Views
Post# 33633275

RE:RE:RE:Great Q2...

RE:RE:RE:Great Q2...
kavern23 wrote: Kramer I think the tie in...would go something like this if equiment and and services are as easy to get as it has been....everyone has been doing sh*t really fast in the Cardium as the amount of work being done is still low.  Prairiee storm is doing nothing....Orleans isnt really drilling or Entrada.

Management is also probably cautious as they dont know if the service sector will tighten up...
I think it is unlikely things get that much busier as private companies still are in debt payment mode.

Its good in a way that OBE competiors are so cash strapped.

We want things to keep going quick.

I think up to 3 in Aug but the one is more likely to be sept for any type of actual oil so I did Sept.

  Aug Sept Oct Nov Dec total
Tied in 2 4 3 4 3 16


I person doesnt need to do that much analysis here..if they actually can tie in between 3-4 wells a month and they come in at any kind of decent rate...we will grow each month.

Yangarra is aiming for 7 a quarter it looks like.

You start really going fast if can do this.


Kramerkarma wrote:
Corp presentation says 18% decline that's 9% for h2 at 24650 so 2218boe decline. Also 9 wells down 16 to go in 2021 most to be started sept. So 1100boe decline q3 exit 24000 boe (if we're at 25100 boe to get a q2 mid of 24640 from a start of 23600) then most wells are put on sept and if 365 production can average 200boe that's 3200 -1100 decline so 2100 added and an average of 25k and exit of 26100? Does that sound correct? So 23.6 q1, 24.6q2, 24,5 q3 and 25,1 q4...24.5fy




so it would be less lumpy building into year end but q3 will barley see new wells.
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