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Bullboard - Stock Discussion Forum 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... see more

TSX:OBE - Post Discussion

Obsidian Energy Ltd > Impact of Forest Fires on Q2/23
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Post by JohnJBond on May 24, 2023 2:01pm

Impact of Forest Fires on Q2/23

My 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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