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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 JohnJBondon Jan 24, 2022 2:40pm
171 Views
Post# 34354404

RE:RE:Presentation

RE:RE:Presentation
K, what does the production profile for these 500 boe heavy oil wells look like?

For ages (I want to say years), I think they've spent almost nothing on PROP drilling, and production seems to have been fairly steady.

Until recently, PROP was like the ugly sister that you tried not to look at.

If one of these wells cleans up at 500 boe, what is that expected to look like a year later?   Are these 10 year wells?
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