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

Obsidian Energy Ltd > Frac spreads & rigs dropped again.

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on Mar 21, 2022 1:00pm

127 Views

Post# 34531770

RE:Frac spreads & rigs dropped again.

And yet USA production is almost 1m barrels up year over year:
11,609 10,710
Look how low the right count was in 2021 and up almost 1 million barrels up year over year.....that isnt all DUC's to get that 1 m lift...its the fact wells are better in 2021 then in 2018
Same thing in Canada....everyone is growing production still.....

USA production grow is going to be "jaggy"....by end of April I betcha it is 11.8m barrels....

Kramerkarma wrote:
drop (-3) in rigs and drop (-6) in spreads... lack of ducs.USA not growing. Gonna take time to get the back logs and manpower back.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages