Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2019
Obsidian Keeping Capex Conservative for 2019 After Management Shake-Up
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In its latest investor presentation, Obsidian Energy has detailed its 2019 operating plan.
The company seems to be keeping capital spending reined in for 201, which may be due to its management shuffle earlier this year. Earlier this month, Obsidian brought on a former Conoco VP as its new CEO after its prior CEO departed the company to lead Rosehill Resources.
2019 Plan
- 2019 Capex: $120 million (down -32% from $177 million spent in 2018)
- 2019 Production: 26,750-27,750 BOEPD (down -6% YOY)
Drilling plans were not discussed.
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