Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
At the May 31 land sale, the province sold 44,000 hectares of P&NG leases and licences bringing in $11.02 million. Additionally, 8,448 hectares of oilsands leases sold for $10.42 million. This brings the total cumulative bonus paid to-date for 2023 in Alberta to $219.29 million.
June 5, 2023, 10:18 AM MDT
Obsidian Energy Ltd. says its active first quarter 2023 capital development continued the momentum from its 2022 program, resulting in drilling results with strong initial production (IP) rates.
May 4, 2023, 7:18 AM MDT
In 2022, Obsidian Energy Ltd. undertook the largest development program in several years.
February 23, 2023, 6:43 AM MST
Obsidian Energy Ltd. is planning $260–$270 million in capital expenditures for development and exploration/appraisal activities in 2023, plus an additional $26–$28 million in decommissioning expenditures that accelerates its asset retirement obligations.
January 31, 2023, 8:20 AM MST
Obsidian Energy Ltd. reported a substantial increase in its reserve values and volumes for 2022 over 2021, replacing reserves across all categories.
January 31, 2023, 9:11 AM MST
In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.
January 16, 2023, 12 AM MST
Since the end of the third quarter, Obsidian Energy Ltd. rig released an additional 14.0 wells (13.4 net), including four Cardium wells (4.0 net) in Willesden Green, three Cardium wells (2.9 net) and one vertical Devonian well (0.5 net) in Pembina, and five Bluesky wells (5.0 net) and one Clearwater well (1.0 net) in Peace River.
December 16, 2022, 6:59 AM MST
Baytex Energy Corp. outlined a 2023 exploration and development expenditures budget of $575–$650 million, which is designed to generate average annual production of 86,000 to 89,000 boe/d.
December 8, 2022, 12 AM MST
The province sold 24,203 hectares of P&NG leases and licences in the Nov. 30 land sale bringing in $14.63 million. Additionally, 8,752 hectares of oilsands leases sold for $1.93 million.
December 5, 2022, 10:14 AM MST
The province sold 11,491.6 hectares of P&NG leases and licences in the Nov. 16 land sale bringing in $11.68 million. Additionally, 7,616 hectares of oilsands leases sold for $2.29 million. This brings the total cumulative bonus paid to-date in Alberta to $429.2 million.
November 21, 2022, 6 AM MST