Investors can register for EnerCom Denver - The Energy Investment Conference featuring a broad group of public and private oil and gas companies at www.enercomdenver.com EnerCom Denver® - The Energy Investment Conference celebrates 28 years of bringing together the energy sector, including companies, investors, analysts, and key industry leaders, to Denver, Aug. 13-16, 2023 A robust list of energy companies have already [...]
Obsidian Energy Ltd. provides an update on operations and employees impacted by recent Alberta wildfires. We continue to monitor the ongoing wildfire situation in Alberta as the protection and safety of our people, local communities, and the environment are of the highest priority. Resulting from further developments with the wildfires, we took the Peace River area fields at Seal, Walrus and Nampa offline on May 12th and [...]
Obsidian Energy Ltd. provides an update on operations and employees impacted by recent Alberta wildfires. We view the protection and safety of our people, local communities, and the environment with the highest priority. As a precautionary measure, we have temporarily shut-in approximately 11,100 boe/d of production in our Pembina area in Central Alberta in response to the recent Alberta wildfires, with a plan to restart [...]
Strong performance and production increases from all development areas resulted in 33,153 boe/d average production for the quarter Funds flow from operations was $94.3 million in the quarter Peace River development and exploration program extends Walrus Bluesky play and further delineates acreage for both Bluesky and Clearwater formations Settled $9.8 million of equity award plans in cash as opposed to issuing more [...]
Obsidian Energy Ltd. announces that we expect to release our first quarter 2023 financial and operational results before North American markets open on Thursday, May 4, 2023. In addition, the first quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov on or about the [...]
Obsidian Energy Ltd. confirms that the Alberta Energy Regulator issued an order regarding the Company's 14-18-082-17W5 water disposal well , located approximately 40 kilometres Southeast of the Town of Peace River. Obsidian Energy is cooperating with the AER and intends to comply with the Order, including establishing seismic monitoring at the Water Disposal Well. The Order confirmed that the AER was not aware of any [...]
Obsidian Energy Ltd. is pleased to announce an increase to our syndicated credit facility to $200.0 million from $175.0 million, with an extension of the revolving period to May 31, 2024, and the term-out date to May 31, 2025. The increase was part of our semi-annual borrowing base redetermination, which was completed earlier than normal . "The syndicated credit facility increase demonstrates the confidence in the Company [...]
Obsidian Energy Ltd. announces that we will be participating in the 51st Annual Scotia Howard Weil Energy Conference on Wednesday, March 8, 2023, in Miami, Florida at the Mandarin Oriental Hotel. Stephen Loukas, President and Chief Executive Officer, will be presenting at 1:30 p.m. EST on Wednesday, March 8, 2023. Mr. Loukas along with Peter Scott, Senior Vice President and Chief Financial Officer will be hosting [...]
Obsidian Energy Ltd. announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2022, and related Management's Discussion and Analysis. Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2022, which includes the disclosure and reports relating to reserves data and other oil and gas [...]
Board Appoints Stephen Loukas President and Chief Executive Officer Fourth quarter average production increased to 31,742 boe/d Funds flow from operations was $450.7 million in 2022 Net debt decreased to $316.8 million at December 31, 2022 Normal Course Issuer Bid Approved by TSX Obsidian Energy Ltd. is pleased to report strong operating and financial results for the fourth quarter and full year 2022. The Company is also [...]
Obsidian Energy Ltd. is pleased to announce that the Toronto Stock Exchange has accepted Obsidian Energy's notice of intention to commence a normal course issuer bid . The NCIB allows Obsidian Energy to purchase up to 8,073,847 common shares over a period of twelve months commencing on February 27, 2023. On February 13, 2023, Obsidian Energy had 82,442,210 common shares outstanding and 80,738,477 common shares in its [...]
• 2023 capital expenditures includes development and exploration/appraisal programs with optionality for second half expansion • 46 well development program across all core areas in 2023 expected to generate seven percent growth in production over 2022 and significant free cash flow at WTI US$80/bbl • Board approves share buyback program for up to 10 percent of shares outstanding • Reserve replacement [...]
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