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Obsidian Energy Ltd.

Company Summary

Description

Penn West Petroleum Ltd. has proposed to change the Company's name to Obsidian Energy Ltd. The shareholders will vote in the favor of the name change in Company's Annual and Special meeting.

Website

https://www.obsidianenergy.com/about-us/

Operational Regions

  • Cardium Tight Oil Formation
  • Viking Formation
  • Peace River

Financial Data:

NYSE:OBE from Google Finance


Tickers:

  • OBE - New York Stock Exchange
  • PWT - Toronto Stock Exchange
  • OBE - Toronto Stock Exchange

Related Entities

Recent news

  • 11/30/2020 - Obsidian Energy Restarts... (subscriber access)
  • 11/24/2020 - Obsidian Energy... (subscriber access)
  • 10/30/2020 - Obsidian Energy Receives... (subscriber access)
  • 10/14/2020 - Obsidian Energy Issues... (subscriber access)
  • 10/6/2020 - Bonterra Energy Board... (subscriber access)

Investor Presentations

  • Corporate presntation
  • Annual General Meeting-June 5, 2019 (subscriber access)
  • March 2019 Corporate Presentation (subscriber access)
  • August 2018 Corporate Presentation (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • Investor Presentation - August 2017 (subscriber access)
  • Investor Presentation - March 2017 (subscriber access)
  • January 2017 Corporate Presentation (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)

Company Transactions

Date: 12/31/2020
Type: Acquisition

DETAILS:
NOTES:
Obsidian Energy is launching an offer to purchase all issued and outstanding common shares of Bonterra Energy Corp. at a rate of two common shares of Obsidian for each share of Bonterra held.
REGIONS:
  • Cardium Tight Oil Formation
  • Date: 7/31/2019
    Type: Acquisition

    DETAILS:

    COST: 71.88 $MM

    VOLUMES: 4.16 MBOE/d

    NOTES:
    Obsidian Energy has signed a deal to divest their 55% working interest in the Peace River Oil Partnership
    REGIONS:
  • Peace River
  • Date: 12/31/2018
    Type: Acquisition

    NOTES:
    Obsidian is in talks with China Investment Corp. with regards to the sale of their Peace River assets by year-end 2018.
    REGIONS:
  • Viking Formation
  • Date: 5/31/2018
    Type: Acquisition

    DETAILS:

    COST: 7.5 $MM

    NOTES:
    Since early May, Obsidian has entered into several transactions for existing third-party royalty interests totaling approximately $7.5 million in proceeds. Transaction metrics averaged over 20 times and $200,000 per boe per day based on trailing 12-month cash flow and production, respectively.
    REGIONS:
  • Western Canadian Sedimentary Basin
  • Date: 3/15/2018
    Type: Acquisition

    DETAILS:

    VOLUMES: 2.2 MBOE/d

    NOTES:
    Obsidian Energy divested a portion of its non-core legacy assets which hold 2.2 Mboe/d (25% liquids) in production and 650 wellbores,
    REGIONS:
  • Canada
  • Date: 6/24/2017
    Type: Acquisition

    SELLERS:
  • Teine Energy
  • DETAILS:

    COST: 975 $MM

    VOLUMES: 13.65 MBOE/d

    REGIONS:
  • Saskatchewan
  • Date: 6/24/2017
    Type: Acquisition

    SELLERS:
  • Teine Energy
  • DETAILS:

    COST: 140 $MM

    VOLUMES: 3 MBOE/d

    REGIONS:
  • Western Canadian Sedimentary Basin
  • Date:
    Type: Acquisition

    DETAILS:

    COST: 12.5 $MM

    VOLUMES: 460 BOE/d

    NOTES:
    Obsidian Energy sold its associated production and mineral rights below the Cardium formation from its Carrot Creek property for $12.5 million in 1Q19. The asset's 2019 average production is roughly 460 Boe/d.
    REGIONS:
  • Western Canadian Sedimentary Basin