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Obsidian Energy closes CAD 98 million Belly River light oil asset acquisition in Willesden Green

PUBT·07/02/2026 11:09:39
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Obsidian Energy closes CAD 98 million Belly River light oil asset acquisition in Willesden Green
  • Obsidian Energy closed its Belly River light oil acquisition in the Wilson Creek area of Willesden Green on June 30, 2026.
  • Total consideration was about $98 million, inclusive of closing adjustments, with an April 1, 2026 effective date.
  • Deal adds about 2,500 boe/d of production, 76% liquids, based on May output.
  • 2026 production guidance raised to 29,000-31,000 boe/d; capital program kept at $300 million-$325 million.
  • Six-well 2027 development plan targets about 3,000 boe/d from the acquired assets.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Obsidian Energy Ltd. published the original content used to generate this news brief on July 02, 2026, and is solely responsible for the information contained therein.