Deep Basin

Multi Horizon Potential
Net Sections 700
Production 1,292 boe/d
Netback $22/boe
*as of Q1 2018
53°19’17.4625”, -114°58’20.6836”

Highly Economic Deep Basin Potential

Obsidian Energy has multi horizon potential in the Deep Basin with approximately 700 net sections overlaying the heart of our Cardium play. Our first foray into the Deep Basin saw us drill 3 wells and delivered higher than expected liquid yields, enhancing the already attractive play economics. We plan to drill an additional 3 wells throughout 2018.

Average working interest in our 2017 wells was 80 percent.