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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

Post by JohnJBondon Mar 25, 2023 1:33am
423 Views
Post# 35360013

Good article on seismic events and water disposal

Good article on seismic events and water disposal

According to petroninja the subject OBE water disposal well is about 8 miles away from a BTE injector.    The BTE injector looks like it's about 1000m shallower.   It's interesting that the OBE injector can be distinguished from the BTE injector given there apparent close proximity 

Satalite images of the OBE site show a very small facility

If the data is correct, it must be bad luck this water disposal injector is problematic 

I suspect they'll cut back on water injection volume and shorten the well     

Looks like they have one water disposal well for each cluster of horizontal wells - ie plenty of other places to dispose of water    They probably also have lots of old wells nearby that could be converted to a disposal well   

The following article in Science gives some details on water injection triggered seismic events  


https://www.science.org/content/article/huge-study-links-wastewater-injection-wells-earthquakes

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