News

Please be advised that the archived releases contained on the website are for historical information and reference purposes only. While information contained within the releases was believed to be accurate at the time of issue, this information does not constitute an active representation of Obsidian Energy, and the Company fully disclaims any liability for the use of such information and undertakes no obligation to update such information except as required by applicable law.

Competition Act Disclaimer
The Canadian federal government passed the omnibus Bill C-59, which includes amendments to the Competition Act, resulting in changes to the law around environmental communications. The changes create significant uncertainty in respect of how Canadian companies may legally communicate with the public regarding their environmental goals and performance, including their climate change mitigation efforts. With uncertainty on how the new law will be interpreted and applied, and in the absence of any transition period nor guidance from the government, we have decided to restrict public access to our environmental-related communications at this time. Any clarity the Competition Bureau can provide through specific guidance may help direct our communications approach in the future. notwithstanding the changes to the legislation, Obsidian Energy’s intent and approach to environmental action remain unchanged. We believe our industry has a key role to play in supporting a strong economy and helping provide Canadians with secure access to affordable energy.

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Apr 7, 2025

Obsidian Energy Announces Closing of the Operated Pembina Asset Sale for ~ $320 Million

Provides Update on Syndicated Credit FacilityOBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that we have closed our previously…
Mar 14, 2025

Obsidian Energy Provides Update on Offer to Purchase $3.0 Million of our Outstanding Senior Unsecured Notes

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today provides an update on the previously announced offer (the "Offer") to purchase for…
Feb 27, 2025

Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian…
Feb 26, 2025

Obsidian Energy Announces Launch of an Offer to Purchase up to $3.0 Million of our Outstanding Senior Unsecured Notes

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we have commenced an offer (the "Offer") to purchase for cash,…
Feb 25, 2025

Obsidian Energy Confirms Filing of Its 2024 Year End Disclosure Documents

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements…
Feb 25, 2025

Obsidian Energy Announces First Half 2025 Capital Program and Guidance

Capital plan of 38 net operated wells weighted towards Peace River asset, following up on our 2024 development programInitiation of Clearwater waterflood program to support future Peace River growthOBSIDIAN ENERGY…
Feb 25, 2025

Obsidian Energy Announces Fourth Quarter and Full Year 2024 Results

Generated $432.0 million of funds flow from operations, representing a 14 percent increase over 2023 or Obsidian Energy's website. Readers are cautioned that this list of risk factors should not…
Feb 19, 2025

Obsidian Energy Announces Sale of Operated Pembina Assets for $320 Million in Cash, Equity and Assets

Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain…
Feb 4, 2025

Obsidian Energy Announces Increase in 2024 Reserves Across All Categories

Reserve replacement of 146 percent, 229 percent and 296 percent of 2024 production on a proved developed producing or Obsidian Energy's website. Readers are cautioned that this list of risk…
Jan 14, 2025

Obsidian Energy Announces 2024 Operations Update and Commencement of 2025 Drilling Program

Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance rangeCompletion of 2024 capital program provided furthers delineation of Peace River acreageSuccessful results from first…