Obsidian Energy Updates 2026 Guidance and Capital Program
Calgary, Alberta — (September 14, 2026)
Obsidian Energy Ltd. (TSX: OBE; NYSE American: OBE) has announced developments regarding its second-half capital program and updated 2026 production guidance.
Highlights:
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Development Program: Two rigs are operational in both the Peace River and Willesden Green areas, advancing the 2026 capital program which is set around $300 million.
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Production Guidance Revised: Production expected to be between 28,500–29,500 boe/d, down from previous estimates of 29,000–31,000 boe/d. This revision is attributed to weather delays and third-party facility downtimes impacting the recently acquired Belly River assets.
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Long-Term Growth: Production is on track for a projected year-over-year growth of over 15% in 2027, with plans for a six-well development program at Belly River in early 2027.
Operational Insights:
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Heavy Oil Assets: Focused on Peace River activities with approximately $110 million allocated for development, supporting an average production of around 12,250 boe/d.
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Light Oil Assets: Expected average annual production of about 16,750 boe/d through significant investments totaling $200 million in 2026.
Financial Outlook:
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Capital Expenditures: Forecasted between $300–325 million, while decommissioning costs remain at $7–11 million.
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Estimated Production Metrics:
- Oil and NGLs: New expectations set at 71% liquids for 2026.
Sensitivity Analysis:
- Adjustments on commodity prices, foreign exchange rates, and other key financial flows have an observable impact on estimated funds flow from operations (FFO) for 2026.
Future Developments:
- Obsidian Energy’s anticipated 2027 guidance will be shared in mid-January, showing robust growth potential from the ongoing developments.
About Obsidian Energy:
Obsidian Energy is an intermediate oil and gas producer focused on high-quality assets in Alberta, committed to sustainable growth and operational excellence.
For further details, refer to the full press release and visit Obsidian Energy’s website.
Please let me know if you need more specific information from the release!
