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Obsidian Energy Cuts 2017 Capex Over 10% to $160 Million

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   |    Wednesday,August 09,2017

Obsidian Energy (formerly Penn West) reported its Q2 2017 results. Highlights include:

Decreased Capex: Lowered 2017 capex to $160 million (down -11% from $180 million)

  • The decrease is due to the current oil price environment

Q2 production averaged 30,436 boe per day, including 29,983 boe per day in our key development and legacy areas.



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