Obsidian Energy Closes Acquisition of Belly River Light Oil Assets for $98 Million

MT Newswires Live

Jul 03

Obsidian Energy (OBE) said Thursday it closed the acquisition of Belly River light oil assets in the Wilson Creek area of Willesden Green for $98 million, adding 2,500 barrels of oil equivalent per day (boe/d) of light oil production and 35 sections of land.

The company said it has planned a six-well development program on the acquired lands for early 2027, expected to drive further incremental production growth, according to a statement.

Willesden Green is poised to grow toward sustained production of 20,000 boe/d, resulting in considerable free cash flow for shareholders, the company said.

The company added that it also boosted its fiscal 2026 average production guidance to 29,000 boe/d to 31,000 boe/d from 27,900 boe/d to 29,900 boe/d earlier. It now expects funds flow from operations of $4.64 per share.

Price: 7.87, Change: -0.08, Percent Change: -1.01

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It now expects funds flow from operations of $4.64 per share.</p><p>Price: 7.87, Change: -0.08, Percent Change: -1.01</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2648838680","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648838680","pubTimestamp":1783019179,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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