Obsidian Energy Announces 2023 Guidance and Significant 2022 Reserves Value Increase with Year-End Reserves Report
• 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 of 144 percent, 214 percent and 393 percent of 2022 production on a proved developed...
2023-01-30 7:36 PM EST
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...
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
Calgary, Alberta--(Newsfile Corp. - December 16, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on o
2022-12-16 7:00 AM EST
Obsidian Energy Announces Third Quarter 2022 Results and Updated 2022 Guidance
Calgary, Alberta--(Newsfile Corp. - November 8, 2022) - OBSIDIAN ENERGY L
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...
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...
2022-10-19 9:00 AM EDT
Obsidian Energy Announces $30.0 Million Term Loan Repayment, Operations Update and Facility Acquisition
Calgary, 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. The Term Loan was part of our new syndicated credit facilities with initial borrowing capacity of $205.0 million that was entered into with our debt refinancing completed in July 2022. With the...
2022-09-13 7:00 AM EDT
Obsidian Energy Announces Increased Production and Financial Results in Second Quarter 2022
Calgary, 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
Obsidian Energy Announces Closing of our $127.6 Million Senior Unsecured Notes Offering and New Debt Facilities as well as Repayment of our Existing Debt Facilities
Calgary, Alberta--(Newsfile Corp. - July 27, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has successfully closed the previously announced private placement offering (the "Offering") of $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 (the "Notes"). In connection with the private placement of the Notes, Obsidian Energy also entered into a new...
2022-07-27 10:01 AM EDT
Obsidian Energy Announces Pricing and Issue of $127.6 Million Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - July 25, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has entered into an underwriting agreement to sell, on a private placement basis, $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 (the "Notes"). The Notes will be issued at a price of $980.00 per $1,000.00 principal amount to receive aggregate gross...
2022-07-25 9:59 PM EDT
Obsidian Energy Announces Pricing and Issue of $127.6 Million Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - July 25, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has entered into an underwriting agreement to sell, on a private placement basis, $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 (the "Notes"). The Notes will be issued at a price of $980.00 per $1,000.00 principal amount to receive aggregate gross...
2022-07-25 9:59 PM EDT
Obsidian Energy Announces Proposed Issuance of up to $125.0 Million Senior Unsecured Notes and New Syndicated Credit Facilities
Calgary, Alberta--(Newsfile Corp. - July 19, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the proposed private placement of senior unsecured notes and proposed new syndicated credit facilities. Obsidian Energy intends to undertake a proposed private placement of five-year senior unsecured notes (the "Notes") in the amount of up to $125.0 million (the "Offering"), subject to market and
2022-07-19 8:08 AM EDT
Obsidian Energy Announces Proposed Issuance of up to $125.0 Million Senior Unsecured Notes and New Syndicated Credit Facilities
Calgary, Alberta--(Newsfile Corp. - July 19, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the proposed private placement of senior unsecured notes and proposed new syndicated credit facilities. Obsidian Energy intends to undertake a proposed private placement of five-year senior unsecured notes (the "Notes") in the amount of up to $125.0 million (
2022-07-19 8:08 AM EDT
Obsidian Energy Announces Preliminary Second Quarter 2022 Results and Extension to Our Syndicated Credit Facility
Calgary, Alberta--(Newsfile Corp. - July 14, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces our preliminary second quarter 2022 results and an extension to our syndicated credit facility to July 29, 2022, to accommodate timing associated with our debt refinancing. "We continued our enhanced level of activity during the second quarter with the completion of our accelerated first half
2022-07-14 7:00 AM EDT
Obsidian Energy Announces Voting Results from the 2022 Annual and Special Meeting of Shareholders
Calgary, Alberta--(Newsfile Corp. - June 16, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2022, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2022 Annual and Special Meeting and Management Proxy Circular dated May 4, 2022 (the "Information Circular"), which is available on SEDAR at...
2022-06-16 6:18 PM EDT
Obsidian Energy Announces Expanded 2022 Development Program, Increased 2022 Guidance, and Preliminary 2023 Forecast
Calgary, Alberta--(Newsfile Corp. - June 16, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we",
2022-06-16 7:00 AM EDT
Obsidian Energy Announces Extension to our Syndicated Credit Facility and Development Drilling Program in our Viking Play
Calgary, Alberta--(Newsfile Corp. - May 31, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the revolving period in our syndicated credit facility to July 15, 2022, to accommodate timing associated with debt refinancing. We are also pleased to announce the return to development drilling in our Viking area, benefiting from our established inventory of quality locations and
2022-05-31 5:52 PM EDT
Obsidian Energy Announces First Quarter 2022 Results
Strong first quarter average production of 29,407 boe/d; current production further grew to 33,000 boe/d based on recent drilling success Active first half four-rig drilling program with 19 operated wells (18.5 net) rig-released in the quarter and 14 wells (13.5 net) now on production Strong production rates from new Peace River wells from late 2021 and early 2022 programs 2022 production range further increased by 200 boe/d to between 30,300 to 31,300 boe/d Funds flow from operations was...
2022-05-04 7:00 AM EDT
Obsidian Energy Announces Release Date of First Quarter 2022 Results
Calgary, Alberta--(Newsfile Corp. - April 25, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our first quarter 2022 financial and operational results before North American markets open on Wednesday, May 4, 2022. 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,...
2022-04-25 6:02 PM EDT