Obsidian Energy Ltd.

Recent News

  • Obsidian Energy Announces Guidance and Reserves Release Date

    Calgary, Alberta--(Newsfile Corp. - January 18, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2023 capital budget and associated guidance after North American markets close on Monday, January 30, 2023. At the same time, we will be providing our intentions regarding continued debt repayment and shareholder return of capital, as well as the results of our independent reserves evaluation for the year ended...

    2023-01-18 5:31 PM EST
  • Obsidian Energy Announces Extension to Interim President and Chief Executive Officer

    Calgary, Alberta--(Newsfile Corp. - January 3, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that is has extended Stephen E. Loukas' employment contract as Interim President and CEO to December 31, 2023. "We are pleased to extend Steve's contract to continue to build on all the exceptional steps that have been taken under his guidance," said Gordon Ritchie, Chair of the Obsidian Energy Board of...

    2023-01-03 4:32 PM EST
  • Obsidian Energy Announces 2022 Operations Update, 2023 Guidance Update, and Inaugural ESG Report

    • 2022 second half development program continues to perform with strong results in Willesden Green and Peace River• Recently drilled Seal Clearwater oil well on production • 2023 guidance and return of capital intentions to be announced in January 2023• Inaugural Environment, Social and Governance Report publishedCalgary,...

    2022-12-16 7:00 AM EST
  • Obsidian Energy Announces Third Quarter 2022 Results and Updated 2022 Guidance

    Third quarter average production increased 24 percent to 29,985 boe/d from 2021 with current production over 33,000 boe/dContinued net debt reduction to $323.1 million from $428.1 million at September 30, 2021, including repayment of the $30.0 million non-revolving term loan Peace River acquisition of additional 10 sections of land and Seal 9-15 gas plant, providing for additional Bluesky and Clearwater development2023 guidance and shareholder return of capital intentions to be announced in mid-DecemberCalgary, Alberta--(Newsfile Corp. - November 8, 2022) -...

    2022-11-08 7:00 AM EST
  • Obsidian Energy Announces Release Date of Third Quarter 2022 Results

    Calgary, Alberta--(Newsfile Corp. - November 2, 2022) - 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 2022 financial and operational results before North American markets open on Tuesday, November 8, 2022. In addition, the third 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

    2022-11-02 9:00 AM EDT
  • Obsidian Energy Announces Participation in the Schachter Catch the Energy Conference

    Calgary, Alberta--(Newsfile Corp. - October 19, 2022) - 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 Catch the Energy Conference (the "Conference"), which will take place on Saturday, October 22, 2022, at Calgary Mount Royal University, Ross Glen Hall, 4825 Mount Royal Gate SW, Calgary, Alberta. The Conference is being held between 7:30 a.m. MT and 5:00 p.m. MT.Peter Scott, Senior Vice President...

    2022-10-19 9:00 AM EDT
  • Obsidian Energy Announces $30.0 Million Term Loan Repayment, Operations Update and Facility Acquisition

    • Seal 9-15 gas plant acquired in Peace River area• Second half capital program well underway in Cardium and Peace RiverCalgary, Alberta--(Newsfile Corp. - September 13, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the full repayment of the $30.0 million non-revolving term loan (the "Term Loan") from free cash flow from our operations....

    2022-09-13 7:00 AM EDT
  • Obsidian Energy Announces Increased Production and Financial Results in Second Quarter 2022

    Strong second quarter average production of 31,575 boe/d, an increase of 28 percent over 2021Rig-released 11 wells (11 net) and brought 16 wells (15.7 net) on production in the quarterSecond quarter funds flow from operations was $157.0 millionCalgary, Alberta--(Newsfile Corp. - July 28, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report operating and financial results for the second quarter of 2022.

    2022-07-28 7:00 AM EDT