OBSIDIAN ENERGY LTD.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
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.
FY2025 · Filed Feb 19, 2026
Use the contents to explore the available documents and sections.
Contents
EX-99.3 · 17. Commitments and contingencies
- Commitments and contingencies
Obsidian Energy is committed to certain payments over the next five calendar years and thereafter as follows:
| 2026 · 2027 · 2028 · 2029 · 2030 · Thereafter · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt (1) | $ | - | $9.0 | $ | - | $ | - | $175.0 | $ | - | $184.0 |
| Transportation | 16.9 | 14.5 | 12.0 | 12.1 | 5.7 | - | 61.2 | ||||
| Interest obligations | 14.7 | 14.4 | 14.2 | 14.2 | 14.2 | - | 71.7 | ||||
| Lease liability | 3.3 | 2.9 | 2.1 | 1.5 | 1.5 | 18.5 | 29.8 | ||||
| Decommissioning liability (2) | 8.9 | 12.2 | 11.5 | 10.9 | 10.3 | 53.4 | 107.2 | ||||
| Total | $43.8 | $53.0 | $39.8 | $38.7 | $206.7 | $71.9 | $453.9 | ||||
(1)
The 2027 figure includes our syndicated credit facility which has a term-out date of May 2027. The 2030 figure includes our senior unsecured notes due in December 2030. Refer to Note 6 for further details. Historically, the Company has successfully renewed its syndicated credit facility.
(2)
These amounts represent the inflated, discounted future reclamation and abandonment costs that are expected to be incurred over the life of the Company’s properties.
Obsidian Energy’s commitments relate to the following:
Transportation commitments relate to costs for future pipeline access.
Interest obligations are the estimated future interest payments related to Obsidian Energy’s debt instruments.
Lease liabilities pertain to various vehicle, surface lease commitments, the office lease and various facilities that meet the definition of a lease under IFRS 16.
The decommissioning liability represents the inflated, discounted future reclamation and abandonment costs that are expected to be incurred over the life of our properties.
The Company is involved in various litigation and claims in the normal course of business and records provisions for claims as required.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.