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 > Baytex..crushin clearwater as well for January

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Comment by kavern23on Feb 22, 2022 2:42pm

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Post# 34451204

RE:RE:RE:RE:Baytex..crushin clearwater as well for January

Really amazing the seal clearwater well Slave 12-34-83-15.

I mean not only is it only two legs....that well looks to be on the same pad as a bunch of bluesky wells baytex did in the past. All leases and roads are built already.

And that well looks to have went under an existing bluesky well....and then a bit further.

With more legs these wells should rip lots of oil.

And a cheap capital cost and high payback and stuff is already there.

OBE will have their Peace River rig going full bore for the whole year.

kavern23 wrote:

100063107815W500 860

100143107815W500 711

102113107815W502 552

100111708215W503 184

100123408315W500 106

100141107916W502 28

Wow you really know your stuff perstrudent.

Keep in mind all the clearwater wells are listed as confidential and all the bluesky wells have hours. I can pull fast just based on this. But not having hours sucks.
The six clearwater wells I have posted are for Baytex Jan numbers...barrels of oil per day assuming a 31 day working.

So let's start with most important well to OBE...the seal clearwater well Slave 12-34-83-15...it produced after 106 after doing 136 barrels per day in December.

I think is really really good...it's not many legs in that well.

F*ck...only a two legger...so 50 barrels per leg..Baytex normally does 5 -9 legs. so 300 barrels per day is possible in future.

looks extremly economic too me.

the step out 14-11 is only 28 barrels but we dont know how many hours it worked. Well produced nothing in Dec so it would be a Jan tie in and time to clean up. I expect this well too improve a ton in Feb.

perstrudent wrote: I believe the seal clearwater well was Baytex HZ S330 Slave 12-34-83-15

and that their bluesky last fall was Baytex 200N HZ Seal 6-17-82-15