News

Please be advised that the press releases contained on the web site are for historical purposes only and that while information contained within the releases was believed to be accurate at the time of issue, Obsidian Energy will not, and specifically disclaims any duty to, update this information after.

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Jan 30, 2023

Obsidian Energy Announces 2023 Guidance and Significant 2022 Reserves Value Increase with Year-End Reserves Report

• 2023 capital expenditures includes development and exploration/appraisal programs with optionality for second half expansion • 46 well development program across all core areas in 2023 expected to generate seven…
Jan 18, 2023

Obsidian Energy Announces Guidance and Reserves Release Date

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2023 capital budget and associated guidance after…
Jan 3, 2023

Obsidian Energy Announces Extension to Interim President and Chief Executive Officer

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that is has extended Stephen E. Loukas' employment contract as…
Dec 16, 2022

Obsidian Energy Announces 2022 Operations Update, 2023 Guidance Update, and Inaugural ESG Report

• 2022 second half development program continues to perform with strong results in Willesden Green and Peace River• Recently drilled Seal Clearwater oil well on production • 2023 guidance and…
Nov 8, 2022

Obsidian Energy Announces Third Quarter 2022 Results and Updated 2022 Guidance

Third quarter average production increased 24 percent to 29,985 boe/d from 2021 with current production over 33,000 boe/dContinued net debt reduction to $323.1 million from $428.1 million at September 30,…
Nov 2, 2022

Obsidian Energy Announces Release Date of Third Quarter 2022 Results

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our third quarter 2022 financial and operational results…
Oct 19, 2022

Obsidian Energy Announces Participation in the Schachter Catch the Energy Conference

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we will be participating in the Schachter Catch the Energy Conference (the…
Sep 13, 2022

Obsidian Energy Announces $30.0 Million Term Loan Repayment, Operations Update and Facility Acquisition

• Seal 9-15 gas plant acquired in Peace River area• Second half capital program well underway in Cardium and Peace RiverOBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the…
Jul 28, 2022

Obsidian Energy Announces Increased Production and Financial Results in Second Quarter 2022

Strong second quarter average production of 31,575 boe/d, an increase of 28 percent over 2021Rig-released 11 wells or Obsidian Energy's website. Readers are cautioned that this list of risk factors…
Jul 27, 2022

Obsidian Energy Announces Closing of our $127.6 Million Senior Unsecured Notes Offering and New Debt Facilities as well as Repayment of our Existing Debt Facilities

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has successfully closed the previously announced private placement offering (the "Offering")…