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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 12:29pm
103 Views
Post# 34454265

RE:Multi lateral wells and other plays.....

RE:Multi lateral wells and other plays.....Yes noticed Surge well results...its definently tends to be taking off..

Makes sense as its sort of inflationary proof...your vertical steel casing is still the same, but really only increased cost is a few more days of drilling rig time, no sand, no frac, etc.....not to mention the time from drill to on production is incredibly fast to take advantage of strength in markets...Shale is viewed as a tap to be turned on and off but even that is 6 months minimum in reality....these wells are like 1.5 months from spud to cleaned up. 
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