Obsidian Energy Ltd

Obsidian Energy Ltd. is an exploration and production company. The firm engages in exploring, developing, and holds 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. Its property portfolio includes Cardium, Viking, and Peace River. The company was founded on December 27, 1979 and is headquartered in Calgary, Canada.

Earnings data Q4 2019

Earnings data Q2 2023

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Earnings data Q4 2024

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Calgary, Alberta--(Newsfile Corp. - February 26, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we have commenced an offer (the "Offer") to purchase for cash, up to an aggregate amount of $2.0 million (the "Maximum Purchase Consideration") of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, ISINs CA674482AA25 (Restricted), CA674482AB08 (144A) and CA674482AC80 (Regulation D), CUSIP Nos.

Obsidian Energy Announces Launch of an Offer to Purchase up to $2.0 Million of our Outstanding Senior Unsecured Notes

Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2023, and related Management's Discussion and Analysis ("MD&A").

Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents

•  Average 2023 production increased five percent over 2022 and 12 percent on a per share basis •  Generated funds flow from operations of $377.6 million and free cash flow of $58.5 million •  Repurchased and cancelled six percent of shares outstanding for $47.4 million Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the fourth quarter and full year 2023.

Obsidian Energy Announces Fourth Quarter and Full Year 2023 Results

A Canadian First Nation on Wednesday said it has told the Alberta Energy Regulator that oil and gas producer Obsidian Energy cannot proceed with plans to expanded drilling on its territory due to concerns about earthquakes.

Canadian First Nation sends notice of opposition to Obsidian Energy drilling plans

Calgary, Alberta--(Newsfile Corp. - February 13, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today expressed our deep disappointment with the Woodland Cree First Nation (the "WCFN") senior leadership's misleading statements issued in a news release yesterday and their decision to address what Obsidian Energy believes to be the WCFN's commercial concerns in this manner.

Obsidian Energy Sets Record Straight Regarding Woodland Cree First Nation Misleading Statements

•  Reserve replacement of 124 percent, 157 percent and 217 percent of 2023 production on a proved developed producing ("PDP"), total proved ("1P"), and total proved plus probable ("2P") basis, respectively Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the results of our independent reserves evaluation for the year ended December 31, 2023 (the "2023 Reserve Report") prepared by GLJ Ltd.

Obsidian Energy Announces Increase in 2023 Reserves Across All Categories

Calgary, Alberta--(Newsfile Corp. - January 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2024 capital and operating budget and associated guidance (the "Release") before North American markets open on January 25, 2024.

Obsidian Energy Announces 2024 Guidance and Webcast

Peace River Clearwater results yield robust early production rates, continuing to delineate the Dawson area Peace River Bluesky Walrus field results in a successful extension and deeper zone test, adding substantial inventory upside Strong performance resulted in 2023 average production at the top end of our guidance range of 32,500 boe/d Calgary, Alberta--(Newsfile Corp. - January 9, 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 second half 2023 development program with all drilling activity completed on schedule.

Obsidian Energy Announces 2023 Operations Update with Robust Clearwater Results and Continued Growth Plan Execution

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Obsidian Energy plans to increase its output by 50% by the end of 2026, with a focus on heavy oil production. The company reported a net income of C$24.8M for Q3, with a pre-tax income of almost C$33M. Obsidian Energy's production growth plan for 2024-2026 includes a tripling of heavy oil production and a decrease in light oil production.

Obsidian Energy Will Boost Output By 50% But I'd Prefer Lower Debt

Increased average production by 10 percent over the third quarter of 2022 due to the strong performance of our development program Generated funds flow from operations of $98.9 million during the quarter, resulting in free cash flow of $47.7 million and net debt reduction to $294.3 million Commenced second half 2023 development program while completing major facility debottlenecking project subsequent to the quarter Continued return of capital to shareholders via the repurchase of ~4.4 percent of our outstanding shares through our buyback program in 2023 Calgary, Alberta--(Newsfile Corp. - November 9, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report solid operating and financial results for the third quarter of 2023.

Obsidian Energy Announces Third Quarter 2023 Results

Calgary, Alberta--(Newsfile Corp. - November 2, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our third quarter 2023 financial and operational results before North American markets open on Thursday, November 9, 2023.

Obsidian Energy Announces Release Date of Third Quarter 2023 Results

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Calgary, Alberta--(Newsfile Corp. - October 11, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we will be participating in the Schachter 2023 Catch the Energy Conference (the "Conference") on Saturday, October 14, 2023, in Calgary at Mount Royal University.

Obsidian Energy Announces Participation in the Schachter 2023 'Catch the Energy' Conference

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Obsidian Energy plans to grow its production to 50,000 BOEPD in 2026, fueled by Peace River heavy oil development. Obsidian aims to increase its Peace River production from around 6,000 BOEPD now to 24,000 BOEPD in 2026. Obsidian also intends to nearly eliminate its net debt by the end of 2026 at US$75 oil.

Obsidian Energy Aims To Quadruple Its Heavy Oil Production By 2026

Calgary, Alberta--(Newsfile Corp. - September 7, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") further to our press release earlier today, please be advised our presentation at 4:00 p.m.

Obsidian Energy Announces Peters & Co. Limited's Energy Conference Clarification

Calgary, Alberta--(Newsfile Corp. - September 7, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we will be participating in the Peters & Co. Limited 27th Annual Energy Conference (the "Conference") from Tuesday, September 12 to Thursday, September 14, 2023 in Toronto, Ontario at the Ritz-Carlton Hotel.

Obsidian Energy Announces Participation in the Peters & Co. Limited's Energy Conference and Peace River Growth Plan Webcast

Calgary, Alberta--(Newsfile Corp. - August 17, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of its previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $5.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes").

Obsidian Energy Completes Offer to Purchase $5.0 Million of Its Outstanding Senior Unsecured Notes

Calgary, Alberta--(Newsfile Corp. - August 10, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we will be participating in the 2023 EnerCom Denver Energy Investment Conference from Tuesday, August 15 to Wednesday, August 16, 2023, in Denver, Colorado at the Westin Denver Downtown Hotel.

Obsidian Energy Announces Participation in the EnerCom Denver Energy Investment Conference

Calgary, Alberta--(Newsfile Corp. - August 3, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we have commenced an offer (the "Offer") to purchase for cash, up to an aggregate amount of $5.0 million (the "Maximum Purchase Consideration") of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, CUSIP Nos.

Obsidian Energy Announces Launch of an Offer to Purchase up to $5.0 Million of its Outstanding Senior Unsecured Notes

Generated funds flow from operations of $87.4 million during the quarter, resulting in free cash flow of $43.0 million Achieved robust production results from 11 new wells drilled on the western side of our Viking play, reaching an average daily peak rate per well of 293 boe/d for the program Enhanced liquidity with a $40.0 million increase to our syndicated credit facility, providing us additional financial flexibility Commenced return of capital to shareholders via the repurchase of 2.2 million shares through our buyback program to date Calgary, Alberta--(Newsfile Corp. - August 2, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report solid operating and financial results for the second quarter of 2023.

Obsidian Energy Announces Second Quarter 2023 Results

Calgary, Alberta--(Newsfile Corp. - July 24, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our second quarter 2023 financial and operational results before North American markets open on Wednesday, August 2, 2023.

Obsidian Energy Announces Release Date of Second Quarter 2023 Results

Corporate presentation and management webcast available for replay on website Calgary, Alberta--(Newsfile Corp. - June 12, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at our annual and special meeting of shareholders held on June 12, 2023, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2023 Annual and Special Meeting and Management Proxy Circular dated May 1, 2023 (the "Information Circular"), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.

Obsidian Energy Announces Voting Results from the 2023 Annual and Special Meeting of Shareholders

The Albertan wildfires may reduce Obsidian's Q2 2023 production by over 2,000 BOEPD, while impacting its full-year production by around 600 BOEPD. This (and lower commodity prices) reduces my estimates for Obsidian's 2023 FCF to US$45 million. Obsidian is helped by narrowing heavy oil differentials, while lower royalties offset some of the commodity price impact.

Obsidian Energy: Wildfires Impact Q2 2023 Production

News for Obsidian Energy Ltd Stock (OBE)