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Obsidian Energy Ltd.
29 articles mentioning Obsidian Energy Ltd. · Page 1 of 2
Obsidian Energy Fourth Quarter, Full Year 2020 Results
Obsidian Energy detailed its Q4 and full year 2020 results. Key 2020 Results In response to the challenges faced in 2020, we took immediate action to manage our underlying asset base, drive continued cost efficiencies, and...
Obsidian Energy Unveils 1H21 Budget, Well Plans
Obsidian Energy announced first half 2021 guidance, which will be focused on developing its Cardium assets. A total of $35 million in capital expenditures plus $5 million in decommissioning expenditures is currently budgeted for the first...
Obsidian Ups 2020 Budget to Fund Alberta Cardium Drilling
Obsidian Energy has updated its 2020 capital spending plan due to the re-initiation of our Cardium development program. Obsidian Energy will increase its 2020 capital program by $3.2 million to commence drilling activity on the first...
Obsidian Files Hostile Takeover Bid for Cardium-Focused Rival Bonterra
Obsidian Energy Ltd. is moving forward with its hostile takeover of Cardium-focused rival Bonterra Energy Corp. Obsidian intends to purchase all of the issued and outstanding common shares for consideration consisting of two common shares of...
Obsidian Energy Delisted from NYSE
Obsidian Energy Ltd. received notice from the NYSE that it has not regained compliance with the NYSE's continued listing standard regarding share price. As a result, its shares have been suspended from trading on the NYSE...
Obsidian IDs 2019 Year-End Output at 26.9 MBOEPD; Credit Facility Update
Obsidian Energy has reported its year-end 2019 production numbers as well as the reconfirmation of its existing credit facility. Full Year 2019 Production Full year 2019 production was 26,900 boe/d, within our recent full year guidance...
Obsidian Names Interim President & CEO; Talks Management Changes
Obsidian Energy Ltd. has announced the appointment of Stephen E. Loukas as Interim President and CEO, effective December 5, 2019. Mr. Loukas will succeed current Interim President and CEO, Michael J. Faust, who will return to...
Obsidian IDs Budget for First Half of 2020; Credit Facility Confirmed
Obsidian Energy Ltd. has detailed its plans for the first half of 2020. The Board has approved a $49.4 million first half 2020 capital plan to fund the continued drilling of the remaining 9 wells in...
Obsidian Energy Reports Q3 2019 Results
Obsidian Energy reported its Q3 2019 results. Michael Faust, Interim President and CEO, commented, "Throughout the third quarter of 2019, Obsidian Energy continued to deliver on our commitments. We continue to operate within our Funds Flow...
Obsidian Energy CFO Departs to Pursue New Opportunity
Obsidian Energy has reported the resignation of its Chief Financial Officer. David Hendry has submitted his resignation, effective November 15, 2019 to pursue another opportunity. Obsidian Energy is currently in discussions to secure a successor and...
Obsidian's 2H Cardium Well Program on Track; Adds to Hedges
Obsidian Energy detailed updates to its Cardium development program and hedging portfolio. Phase 2 Cardium Program Update The 13 well Willesden Green Cardium development program planned for the second half of the year is progressing as...
Cardium-Focused Obsidian Energy Exploring Strategic Alternatives
Obsidian Energy has initiated a formal process to explore strategic alternatives. The company has hired Tudor, Pickering, Holt & Co. as its financial advisor in connection with this review and analysis of strategic alternatives. Such strategic...
Obsidian Energy Details Q2 2019 Results; 2019 Plans Unchanged
Obsidian Energy reported its financial and operational results for the three and six months ended June 30, 2019. All figures are in Canadian dollars unless otherwise stated. Michael Faust, Interim President and CEO commented “Throughout the...
Obsidian Reports Q1 2019 Results; Ramps Up Cardium Focus
Obsidian Energy detailed its Q1 2019 results. All figures are in Canadian dollars unless otherwise stated. Michael Faust, Interim President and CEO commented “Stepping into my role at Obsidian Energy, I am focusing my attention on...
Obsidian Touts Improved Cardium Well Results in Q1
Obsidian Energy has reported an operational update on our Cardium drilling program. Obsidian began a dedicated execution program starting in July 2018 and carrying through to break-up in March 2019. All 19 wells have now been...
Obsidian Keeping Capex Conservative for 2019 After Management Shake-Up
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....
Obsidian Energy Names Conoco Alum as Interim CEO
Obsidian Energy has named Michael J. Faust as interim President and CEO, effective March 18, 2019 for a period of twelve months with an optional six-month extension. Faust will succeed current President and CEO, David French,...
Obsidian Energy's Chairman Resigns; Successor Named
Obsidian Energy reported that Gordon Ritchie will replace Jay W. Thornton as Chairman of the Board of Directors. Mr. Thornton has resigned his Board position effective as of the close of business on Wednesday, February 20,...
Obsidian Doubles Cardium Completions for 2018
Obsidian Energy has updated its recent Cardium operations. Obsidian Energy is pleased to report that our second half 2018 Cardium program is proceeding ahead of schedule and under budget. We now expect to have 10 wells...
Obsidian Energy Sees $30MM Added to Credit Facility
Obsidian Energy's semi-annual borrowing base redetermination has resulted in a $30 million increase to its syndicated credit facility to $470 million. This is an increase of +7%. The Company has a reserve-based syndicated credit facility, with...