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.

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Obsidian Energy Ltd > Top 25 oil wells January

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Comment by kavern23on Feb 21, 2022 6:09pm

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Post# 34448636

RE:RE:Top 25 oil wells January

Yeap Prop, these three are in Seal area...bluesky wells.
Really good and I think can hold at 300 plus for many months. Produce alot of oil in the first two years.

Other bluesky well was Harmon Valley..it did 205 Barrels per day based on Calendar day but it produced at 410 barrels a day based on producing days.
OBE is going to gain 200 barrels of oil in February just from this well producing for a full month...

I really think these good PROP results are better now in two areas and it has to be partly due to technology imporvements...rigs and completations are much better then when OBE drilled PROP in 2017-2018....

The laterals are going to hit the oil zone longers and more consistent.

Buying PROP in the fall was a genuis move...we all knew it.