TSX:OBE - Post Discussion
Post by
Betteryear2 on May 28, 2024 7:37pm
2024 Development Program Results Above Expectations
- Substantially completed active first half development program with 32 (31.4 net) operated wells rig released and 30 (29.4 net) operated development wells brought on production to date
- Robust results from our Peace River Dawson Clearwater development area are encouraging with 1,330 boe/d production (100 percent oil) over the last 30 days
- Pembina Cardium Unit #9 ("PCU#9") 6-08 Pad wells onstream with a gross average 30-day initial production rate of 403 boe/d (81 percent oil) per well
Calgary, Alberta--(Newsfile Corp. - May 28, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on our first half 2024 capital program, largely completing the program across our Peace River and Willesden Green/Pembina (Cardium) assets. Currently, all but two (2.0 net) wells in our 27 (26.4 net) operated well development program have been rig released; we are currently in the process of drilling additional development wells at our new Dawson Clearwater field. In total, 30 (29.4 net) operated wells were brought on production to date in 2024, including the seven (7.0 net) wells that were rig released in 2023. We also completed our exploration/appraisal drilling in the Clearwater and Bluesky formations in Peace River.
Obsidian Energy Announces 2024 Development Program Results Above Expectations (newsfilecorp.com)
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