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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 Dec 16, 2021 10:28pm
129 Views
Post# 34239306

RE:RE:RE:I expect next update

RE:RE:RE:I expect next updateI think those Pembina wells actually will or have already from French debacle.

Alot of those wells are actually producing 700k to 1m plus annually in revenue still from 2015-2018 in Pembina. Problem was alot of Pembina wells didnt get high enough flush to pay out fast...but they do hold really well now.

Some of the fruits of prior year drilling program are going to be seen in future years 2020 on...

If 20 wells can produce 20M in revenue after producing for 5 years...I think if a company can get this they will be laughing....for sure  stellar economically.

Some of those more recent OBE wells in Pembina  are near water injectors and should hold at that 20-40 barrels of oil per day for many years to come.

Cardium halo wells produce more in first 5 years
but from what I can tell...Pembina wells are more stable to last longer.

If you want to add in Pembina, plus 60 wti prices are likely needed/



Tim14235 wrote: I was thinking the opposite.  Dec 31st is when they get any share compensation too.  So keep price low.  Not an expert in that. 


Yes, looking for 2021 exit estimates.  Looking for an update of the Pembina HZ pad.  I'd like to see a pattern of Pembina paying out again after the debacle French put us through.  

Cardium halo wells produce more in first 5 years
but from what I can tell...Pembina wells are more stable to last longer.

If you want to add in Pembina, plus 60 wti prices are likely needed.




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