OBSIDIAN ENERGY LTD.
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Feb 25, 2025
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Contents
EX-99.2 · Operations
Operations
Capital expenditure activities continued across our Peace River and Pembina/Willesden Green assets with the drilling of 12 wells (12 net) in Peace River, and 2 well (2 net) in Pembina/Willesden Green. The Company continued to delineate and complete appraisal work in Peace River.
Production in Q4 2024 increased from the comparable period due to our active development program and strong drilling results and our Peace River Acquisition. Average production within the Company’s key development areas was as follows:
| Daily production (boe/d) (1) | 2024 | 2023 | % change |
|---|---|---|---|
| Cardium | 25,621 | 23,137 | 11 |
| Peace River | 12,280 | 6,429 | 91 |
| Viking | 1,905 | 2,017 | (6) |
| Legacy | 313 | 391 | (20) |
| Total | 40,119 | 31,974 | 25 |
(1)
Refer to “Supplemental Production Disclosure” for details by product type.
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