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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 29, 2021 12:37pm
102 Views
Post# 34176219

RE:RE:First half Drilling Well Program Analysis

RE:RE:First half Drilling Well Program AnalysisYeah I do have some updates on H2:

Willy Green Falher Gas Well:   While I knew the calendar day production before was strong I didnt know how many hours this well worked. Good news here.  It didnt work anywhere near all of October.  By producing day on Oct about 480 BOE of Natural gas and 123 barrels of condy per day. Not sure if it get's other NGL's.  But very very nice.  4800 MCF a day is nice.

Bigoray: Very good.  A chance this well doesnt decline much based on offset wells prod history.

Pembina
We didnt run many days in Oct on two of the wells. So cant tell much yet.
One well did about 15 days and looked about 208 on oil per day.  Lots to be inline with the drilling curve average for the area.

Still should be on pace for 1 or less payback.  Hoping these wells can hold at 100 on oil for awhile.

We should get a 300 BOE plus boost in Nov from Pembina.


I wonder of Pembina got delayed tie and producing due to capex budget in Q3 being exhausted so they wanted to wait until Cct for fresh Q4 capex.

We are currently in other part of Pembina drilling so be interesting to see what this area brings.

The plans for Pembina will be interesting in 2022.
Ranked on economics...Crimson then East Crimson or falher gas well then Bluesky and then Pembina.

If OBE ever has to cut capex in 2022...likely to be Pembina.

Clearwater will be competing with Pembina for capex.  TVE and BTE should have results in early Jan that is close to our land.  I can see OBE taking the rig drilling for blue sky into clearwater.  Nice we already have a rig in Peace River as it will be hard to get in Q1 2022 with man power.







quote=Tim14235]See any updates on Pembina HZ?[/quote]

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