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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 kavern23on Jun 22, 2023 6:11pm
329 Views
Post# 35510183

Second Half Capex

Second Half CapexI wonder if they do something like this for second half:

-6 willy wells...leaving at 6 wells as Willy can be high gradeded. But maybe they do 4 wells if wanting to reallocate
-delay the 6 (4.4 net) Pembina wells..Okay stuff but prob weakest in portfolio and easiest to cut
-7 Blue skywells....I think they have to drill in PROP and have production ready for Transmount in 2024 even though other wells can come on faster
-Delay the 2 clearwater wells.
-Add 2 4 well viking padss for total of 8 more viking in decond half.

This should keep production same or better while being lower capex.

I don't know though the capacity available at Viking...that is unkown. 
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