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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 perstrudenton Feb 23, 2022 10:18am
103 Views
Post# 34453555

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Baytex..crushin clearwater as well for JanuaryLove your knowledge so have a few followup questions.

How do you know only 2 laterals are producing...does it say that somewhere in the production data?

Why wouldnt they complete the 4 other laterals...and really what completion is needed...there are open whole laterals from a common vertical bore...so what more cost after drilling the horizontal lateral is there really?

On the well license map I see what you mean by different length laterals. Makes sense, but my question is it looks like they did 1 vertical wellbore down with 5 lateral offsets, but also looks like another vertical bore with 1 lateral that diagnols across the other 5 legs...this cant be a second well as that would require another permit etc correct? Did they mess up the well bore somehow and plugback and redid just 1 or 2 lateral?

Appreciate your eductionalal lessons
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