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 11:30pm

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Post# 34452589

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

The part of seal where BTE did this clearwater well...is about half died bluesky wells...and ones going are like 10-20 barrels of oil per day.

Beautiful that this works as it will delay the reclamation that was coming to the bluesky wells that went dry like some even back stop producing 2017 Also plenty of capacity with all wells bei8ng drillrd so long ago iin that area

kavern23 wrote: I am not really shocked they hit good here as I think both OBE and BTE have clearwater land that will be more consistant then Peavine stuff.

Seal is in the heart if clear water....not the fringe edges....

I expect OBE can do 240-400 barrels a day IPO 90 days on a 6-8 leg clearwater..on their centers lands...very consistantly.. Same with bte.

The wells produces about 60 dollars of natural gas revenue per day but have to sell it....cant blow into air.

perstrudent wrote: Do you have any opinion on how underutilized both bTE and OBE infrastructure from seal is being used...how much could they ramp production with existing batteries ngas collection lines etc....this i know has been saving for bte vs like HWX that had to invest in infrastructure.