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 > Two Heavy Oil Wells Licenced on Wed

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Comment by perstrudenton Jun 25, 2022 9:57pm

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Post# 34782704

RE:Two Heavy Oil Wells Licenced on Wed

If you look there are existing bluesky wells drilled here....its very close to the dud clearwater well.

Now Im not sure if they are reusing existing vertical wellbores or drilling completely new...the old bluesky wells were just single legs.

They could be drilling completely new as there is a lot of inflill legs that could happen..or maybe they drill jsut few feet deeper like they did on the one well with great results...

The previous bluesky wells in that immediate area were all very good considering the number of legs and technology at that time...

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From now on, dynaCERT instead of Bitcoin or NVIDIA?