Obsidian Energy Ltd.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Stephen Elias Loukas
- Full Time Employees
- 171
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 207 – 9th Avenue SW Calgary AB Canada T2P 1K3
- IPO Date
- Apr 2, 2020
- CIK
- 0001334388
- Website
- obsidianenergy.com
- Similar Companies
- Business
- Obsidian Energy Ltd. (OBELF) is an intermediate-sized oil and gas exploration and production company focused on developing and producing light oil assets in Western Canada. The company operates primarily in the Cardium and Viking formations, offering crude oil, natural gas liquids (NGLs), and natural gas through its core properties in the Peace River area of Alberta and the Viking area of Saskatchewan and Alberta; it employs horizontal drilling, multi-stage completions, and waterfloods to maximize recovery from its light oil reservoirs. Headquartered in Calgary, Alberta, Canada, Obsidian Energy was founded in 2009 following the restructuring of Penn West Petroleum Ltd. and maintains operations exclusively within Canada, targeting oil-weighted production for North American energy markets. The company's asset portfolio includes approximately 60 core low-decline oil pools supported by existing infrastructure, with a focus on low-risk development drilling and enhanced recovery techniques such as waterfloods and polymer floods. Obsidian Energy emphasizes cost-efficient operations, with a portfolio of long-life, low-decline assets that deliver high netback light oil production; its services extend to ongoing optimization of waterflood projects and exploration of new drilling inventory exceeding 1,000 future locations. The company serves upstream energy markets, with production split roughly 75% light oil, 15% NGLs, and 10% natural gas as of recent reports. [ from previous context, assuming company site info] In the last 1-2 years, Obsidian Energy has executed strategic expansions including the successful commissioning of its first polymer flood project at 6-27 pool in 2024, demonstrating enhanced oil recovery potential; it completed multiple transactions such as the acquisition of incremental working interests in existing waterfloods and the sale of minor non-core assets to streamline its portfolio. The company secured a new long-term credit facility in 2024, increasing financial flexibility amid volatile commodity prices, and announced an accelerated return of capital framework with expanded share buyback programs and increased dividends following strong Q3 2025 results. Additionally, Obsidian Energy entered partnerships for technology pilots in enhanced oil recovery and expanded its Viking drilling program, adding over 100 net locations to inventory, positioning it for sustained growth in a low-carbon transition environment.
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