Quarterly / Earnings Reports | Production | Second Quarter (2Q) Update | Financial Results | Capital Markets | Capex Decrease | Capital Expenditure - 2017
Obsidian Energy Cuts 2017 Capex Over 10% to $160 Million
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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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Second Quarter (2Q) Update
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