Obsidian Energy Completes Offer to Purchase $5.0 Million of Its Outstanding Senior Unsecured Notes
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"). The Offer expired on August 14, 2023, and was made on the terms and subject to the conditions set forth...
2023-08-17 5:00 PM EDT
Obsidian Energy Announces Participation in the EnerCom Denver Energy Investment Conference
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.Peter Scott, Senior Vice President and Chief Financial Officer, will be presenting at 10:30 a.m. MDT (12:30 am EDT) on...
2023-08-10 5:00 PM EDT
Obsidian Energy Announces Launch of an Offer to Purchase up to $5.0 Million of its Outstanding Senior Unsecured Notes
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. CA674482AA25 (Restricted), CA674482AB08 (144A) and CA674482AC80 (Regulation D),...
2023-08-03 7:00 AM EDT
Obsidian Energy Announces Second Quarter 2023 Results
Generated funds flow from operations of $87.4 million during the quarter, resulting in free cash flow of $43.0 millionAchieved 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...
2023-08-02 7:00 AM EDT
Obsidian Energy Announces Release Date of 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. In addition, the second quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at...
2023-07-24 5:00 PM EDT
Obsidian Energy Announces Voting Results from the 2023 Annual and Special Meeting of Shareholders
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...
2023-06-12 5:00 PM EDT
Obsidian Energy Announces Increase to Syndicated Credit Facility, Results of Viking Drilling and Update on Alberta Wildfires
Calgary, Alberta--(Newsfile Corp. - May 31, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces an increase to our syndicated credit facility and provides an update on both the results of our first half 2023 Viking drilling program and the expected impact of Alberta wildfires on production and funds flow from operations. With the addition of the Industrial and Commercial Bank of China (Canada) to our banking syndicate,...
2023-05-31 5:10 PM EDT
Obsidian Energy Alberta Wildfire Update: Additional Fields Coming Back Online
Calgary, Alberta--(Newsfile Corp. - May 23, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on the status of our operations impacted by recent Alberta wildfires. Widespread rain over the weekend in Alberta helped to slow wildfire spread, bringing relief to some local communities. As a result, we have restored or are currently restoring approximately 5,650 boe/d of operated and non-operated...
2023-05-23 8:14 PM EDT
Obsidian Energy Alberta Wildfire Update: Fields Coming Back Online
Calgary, Alberta--(Newsfile Corp. - May 18, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on the status of temporarily shut-in operations due to the impact of recent Alberta wildfires. The wildfire activity has largely decreased in the Pembina area at this time. As a result, the majority of our Pembina fields that remained shut-in due to evacuation orders or for precautionary measures were...
2023-05-18 5:41 PM EDT
Obsidian Energy Provides Update on Impact of Alberta Wildfires
Calgary, Alberta--(Newsfile Corp. - May 16, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") 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...
2023-05-16 4:45 PM EDT
Obsidian Energy Advises on Impact of Alberta Wildfires
Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") 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...
2023-05-08 5:26 PM EDT
Obsidian Energy Announces Strong First Quarter 2023 Results
Strong performance and production increases from all development areas resulted in 33,153 boe/d average production for the quarterFunds flow from operations was $94.3 million in the quarter (20 percent increase from the first quarter of 2022)Peace River development and exploration program extends Walrus Bluesky play and further delineates acreage for both Bluesky and Clearwater formationsSettled $9.8 million of equity award plans in cash as opposed to issuing more shares, given the...
2023-05-04 7:00 AM EDT
Obsidian Energy Announces Release Date of First Quarter 2023 Results
Calgary, Alberta--(Newsfile Corp. - April 25, 2023) - 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 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,...
2023-04-25 6:30 PM EDT
Obsidian Energy Comments on Alberta Energy Regulator Order Regarding Water Disposal Well
Calgary, Alberta--(Newsfile Corp. - March 27, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") confirms that the Alberta Energy Regulator ("AER") issued an order (the "Order") regarding the Company's 14-18-082-17W5 water disposal well (the "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...
2023-03-27 7:00 AM EDT
Obsidian Energy Announces Syndicated Credit Facility Increase to $200 Million
Calgary, Alberta--(Newsfile Corp. - March 22, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") 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 (typically...
2023-03-22 5:08 PM EDT
Obsidian Energy Announces Participation in the Scotia Howard Weil Energy Conference
Calgary, Alberta--(Newsfile Corp. - March 6, 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 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 (11:30 am MST) on Wednesday, March 8, 2023. Mr. Loukas along with...
2023-03-06 7:00 AM EST
Obsidian Energy Confirms Filing of Its 2022 Year End Disclosure Documents
Calgary, Alberta--(Newsfile Corp. - February 23, 2023) - 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, 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...
2023-02-23 4:50 PM EST
Obsidian Energy Announces Fourth Quarter and Full Year 2022 Results
Normal Course Issuer Bid Approved by TSXCalgary, Alberta--(Newsfile Corp. - February 23, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company"
2023-02-23 7:01 AM EST
Obsidian Energy Announces TSX Approval of Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - February 23, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows Obsidian Energy to purchase up to 8,073,847 common shares (representing 10 percent of Obsidian Energy's public float, as defined by the TSX, as...
2023-02-23 7:00 AM EST
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...
2023-01-30 7:36 PM EST