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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 TheRexmemberon Apr 28, 2022 9:52pm
143 Views
Post# 34640979

RE:RE:RE:BTE Peavine clearwater statement

RE:RE:RE:BTE Peavine clearwater statement

Such early days on this play. there is lots more to learn - they don't know where all the best land is yet. Just changing the drilling fluids has made a huge difference.


It is already 200 miles further Northwest than the first research i read on it. It's funny - one note was the 120 bopd well was called a dud. That would be a pretty typical Willy green oil well but a bit cheaper to drill in the clearwater. Most of Tamaracks southern clearwater has had wells similar numbers although some are also much better. 

we will have something pretty good inside our 500 square miles, aka 320,000 acres, 129,000 hectares, or the massive moose pasture...

 

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