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. reports news about its oil and natural gas production business in Alberta, where it explores for, develops and holds interests in properties and related production infrastructure in the Western Canada Sedimentary Basin. Recurring updates focus on operating results, capital programs, reserves, production performance and development activity across assets including Peace River, Willesden Green and Viking.
Company news also covers waterflood initiatives, Belly River, Cardium and Clearwater activity, annual and quarterly financial results, normal course issuer bid activity, prepaid equity forward programs, shareholder meeting results and other governance matters tied to its TSX and NYSE American-listed common shares.
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.
Obsidian Energy (NYSE American: OBE) has completed the sale of its entire common share position in InPlay Oil Corp. The transaction involved 9,139,784 InPlay shares, representing approximately 32.70% of InPlay's outstanding shares, sold to Delek Group Ltd. at $10.00 per share.
The total transaction value was $91,397,840, adjusted down by $29,563.49 for certain filing fees. The sale was executed under the private agreement exemption of National Instrument 62-104. Obsidian Energy plans to use the proceeds to reduce existing debt. Following the transaction, Obsidian retains only 20,834 restricted awards in InPlay, which are expected to be forfeited within 30 days.
Obsidian Energy (NYSE American: OBE) has entered into a definitive agreement to sell its entire stake in InPlay Oil Corp. to Delek Group Ltd. The transaction involves 9,139,784 InPlay shares, representing approximately 32.70% ownership, at $10.00 per share for a total consideration of $91,397,840.
The deal is expected to close in early August 2025, subject to customary conditions. The purchase price may be adjusted based on Competition Act filing fees and potential August dividend payments. Post-transaction, Obsidian will retain only 20,834 restricted awards, which are expected to be forfeited within 30 days after closing.