Welcome to our dedicated page for Obsidian Energy news (Ticker: OBE), a resource for investors and traders seeking the latest updates and insights on Obsidian Energy stock.
Obsidian Energy Ltd. (TSX: OBE, NYSE American: OBE) is an intermediate-sized oil and gas producer focused on crude petroleum extraction in the Western Canada Sedimentary Basin. This news page aggregates the Company’s public announcements, providing context on its operations, capital programs and financial position.
Recent Obsidian Energy news has highlighted active development in its core Alberta assets at Peace River, Willesden Green and Viking. Updates describe drilling and completion activity in the Bluesky and Clearwater formations at Peace River and in the Cardium, Belly River and Mannville formations at Willesden Green, along with infrastructure projects intended to support these plays. The Company also reports on waterflood and enhanced oil recovery pilots, including the commencement of water injection at Bluesky and Clearwater projects.
Investors following OBE news can see regular quarterly results releases that cover production volumes by product type, funds flow from operations, capital expenditures, netback metrics and net debt levels. Obsidian Energy also uses news releases to announce asset dispositions, such as the sale of its operated Pembina assets, and the monetization of its equity position in InPlay Oil Corp., as well as the application of proceeds to repay bank debt and support share repurchases under its normal course issuer bid.
Capital structure developments are another key theme in Obsidian Energy’s news flow. The Company has issued new senior unsecured notes due in 2030, launched offers to purchase and partial redemptions of existing notes due in 2027, and reported on its syndicated credit facility balances. Commodity price risk management, including WTI, differential and AECO hedging positions, is also discussed in operational updates. For readers tracking OBE, this page offers a consolidated view of these operational, financial and corporate developments over time.
Obsidian Energy (TSX: OBE; NYSE American: OBE) filed its audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025, and its Annual Information Form including NI 51-101 reserves disclosure.
The company said it will file its Form 40-F with the SEC. Copies are available on SEDAR+, EDGAR, and Obsidian Energy's website; hard copies of audited statements and MD&A are available free on request.
Obsidian Energy (TSX: OBE) reported Q4 2025 production of 27,971 boe/d and Q4 funds flow from operations of $56.6 million, with full-year FFO of $272.1 million and net income of $35.2 million for 2025. Net debt fell to $268.2 million after ~$325 million proceeds from the April Pembina asset disposition.
2025 capital expenditures were $298.9 million, reserve replacement exceeded 100% (PDP 118%, 1P 185%, 2P 235%), and the company repurchased ~7.6 million shares under its NCIB in 2025.
Obsidian Energy (TSX/NYSE American: OBE) reported 2025 independent reserves evaluated by GLJ with strong organic additions despite the April 2025 Pembina disposition. Key metrics: RLI ~6.0/10.1/13.3 years (PDP/1P/2P), 2P reserves 158.4 mmboe, NPV10 2P $2,102.9M, and reserve replacement of 118% PDP, 185% 1P, 235% 2P.
The Pembina sale reduced ARO by ~$390M and lowered NPV10 and per-share values; waterfloods and Belly River additions added material volumes and 357 booked 2P undeveloped locations (ex-Pembina).
Obsidian Energy (TSX: OBE; NYSE American: OBE) published 2026 guidance and an operational update. The company sets 2026 capex at $190–$230M (midpoint $210M) to drill 38 net operated wells and spend about $22M on Peace River waterfloods. Production guidance is 27,900–29,900 boe/d (73% liquids; midpoint ~28,900 boe/d). At pricing assumptions of WTI US$58/bbl (H1) and US$62/bbl (H2) and AECO $2.75/GJ, Obsidian forecasts FFO $225M (~$3.35/share) and FCF $7M.
Asset split: Heavy oil (Peace River) ~12,700 boe/d, $80M capex, waterflood injectors planned; Light oil (Willesden Green/PCU #11) ~16,200 boe/d, $128M capex. Net debt (pre-NCIB) ~$272M. Company plans to renew NCIB in March 2026.
Obsidian Energy (TSX: OBE; NYSE American: OBE) closed a private placement of $175.0 million aggregate principal amount of 8.125% five-year senior unsecured notes due December 3, 2030 (the 2030 Notes).
The company used part of the proceeds to redeem the remaining $80.8 million of 11.95% senior unsecured notes due July 27, 2027, and the balance to pay down indebtedness under its syndicated credit facility and related transaction expenses. The $235 million syndicated credit facility shows approximately $8 million outstanding at closing. BMO Capital Markets and RBC Capital Markets were bookrunners. The 2030 Notes were issued at par and offered under exemptions from prospectus and registration requirements in Canada and the United States.
Obsidian Energy (TSX: OBE / NYSE American: OBE) reported Q3 2025 results with average production 27,316 boe/d, funds flow from operations $49.7 million (basic $0.74/share) and net income $16.8 million (basic $0.25/share). The company recorded capex $65.3 million and net debt $219.3 million at September 30, 2025.
Management increased H2 2025 production guidance to 27,800–28,300 boe/d, began a pre-paid equity forward program to hedge share-based awards, and sold InPlay shares for $91.4 million realizing a $15.2 million gain. Net operating costs were $15.01/boe and G&A rose to $1.95/boe. Waterflood pilots and Belly River appraisal wells showed encouraging initial rates.
Obsidian Energy (NYSE American: OBE) provided an operational update on its H2 2025 capital program, highlighting strong performance across its assets. The company achieved a record seven-day production average of ~14,500 boe/d in Peace River, with six wells exceeding pre-drill expectations. Notable developments include the start of water injection pilots in Bluesky and Clearwater formations.
The company revised its year-end 2025 Net Debt guidance to $213 million from $295 million, following the successful monetization of InPlay shares for $91 million. OBE completed its share buyback program, cancelling 7.1 million shares, and redeemed $30 million of Senior Unsecured Notes. The company's drilling program includes 28 net wells, with 13 already completed, and maintains active hedging positions for oil and gas production.
Obsidian Energy (NYSE:OBE) has successfully completed a $30 million partial redemption of its 11.95% Senior Unsecured Notes due July 27, 2027. The redemption, executed on August 29, 2025, was conducted on a pro rata basis following the notice issued on August 18, 2025.
Following this transaction, the company's outstanding Notes balance stands at $80.8 million. The maximum semi-annual free cash flow offer required under the trust indenture has been adjusted to $17.0 million. The redemption process is being handled through Computershare Trust Company of Canada.
Obsidian Energy (NYSE American: OBE) has announced plans to redeem $30 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027. The redemption represents approximately 27% of the current $110.8 million outstanding Notes.
The redemption will occur on August 29, 2025, at a price of $1,029.88 per $1,000 principal amount (102.988% of principal), plus accrued and unpaid interest. Following the redemption, $80.8 million of Notes will remain outstanding, with future semi-annual free cash flow offer requirements capped at $17.0 million.
Obsidian Energy (NYSE American: OBE) has completed its previously announced cash offer to purchase up to $48.4 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027. The offer, which expired on August 12, 2025, was significantly undersubscribed, with only $1.4 million in aggregate principal amount of Notes being validly tendered.
Following the completion of the offer and settlement on August 15, 2025, Obsidian Energy now has $110.8 million of Notes outstanding. The purchase was conducted according to specific denomination requirements, with minimum amounts of $2,000 and integral multiples of $1,000 thereafter.