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 perstrudenton Feb 22, 2022 3:50pm

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Post# 34451494

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

is the clearwater (or spirit river whatever BTE calls it) not shallower than bluesky formation?...if so why on earth are clearwater wells coming in at 1.5 million and bluesky at 2.5 million for same laterals etc... but agreed if that well was only 2 legs thats a very good well for both obe and bte to prove up "fringe" land....plus never know when you hit another peavine type sweet spot..

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