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Indiva Reports Fiscal Year 2023 Results Including Record Positive EBITDA and Income (click to learn more)
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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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 32,000 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 in 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
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Post by JohnJBondon May 24, 2023 2:01pm
229 Views
Post# 35462282

Impact of Forest Fires on Q2/23

Impact of Forest Fires on Q2/23My rough estimate of the impact of the forest fire suspended production for Q2/23 is about 100 BOE/day.

This suggests Q2/23 average production will be lower than otherwise, by about 1500 boe.

The remaining small amount of 1750 boe that was off line in yesterday's NR will reduce average Q2/23 production by about 20 boe/day

Any damage will likely be covered by insurance.

They probably also have business interruption insurance that may cover them for part of these lost sales.
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