Obsidian Energy reacted quickly and was able to effectively leverage the flexibility in our asset base to temporarily suspend production in areas that were not economic to produce. Includes the benefit of processing fees totaling $1 million for the three months ended June 30, 2020 (2019 - $2 million), and $3 million for the six months ended June 30, 2020 (2019 - $4 million).Please refer to the "Oil and Gas Information Advisory" section below for information regarding the term "boe".Adjusted for January 2020 Carrot Creek Disposition of 115 boe/d (85% light oil)Previous guidance included 600 boe/d of shut-in productionMid-point of guidance 12,500 bbl/d light oil, 2,500 bbl/d heavy oil, 2,200 bbl/d NGLs and 51 mmcf/d natural gasActuals include the impact of the CEWS payments, which reduced Opex by $0.32/boe and G&A expenses by $0.09/boeAdjusted for January 2020 Carrot Creek Disposition of 115 boe/d (85% light oil)Second half of 2020: 10,840 bbl/d light oil, 2,995 bbl/d heavy oil, 2,000 bbl/d NGLs and 50.5 mmcf/d natural gasFull year 2020: 11,680 bbl/d light oil, 2,885 bbl/d heavy oil, 2,135 bbl/d NGLs and 51.3 mmcf/d natural gasIncludes legal fees related to claims against former Penn West Petroleum Ltd. employees related to the Company's 2014 restatement of certain financial results.
Mid-points of guidance: Second half of 2020: 10,840 bbl/d light oil, 2,995 bbl/d heavy oil, 2,000 bbl/d NGLs and 50.5 mmcf/d natural gas If you wish to submit a question to the Company, participants can do so through the webcast portal, or by emailing questions ahead time to A recording will be available for replay two hours after the call completion and will remain available until August 6, 2020.
In particular, this document contains forward-looking statements pertaining to, without limitation, the following: that the unaudited interim consolidated financial statements and MD&A will be filed in due course on SEDAR and EDGAR; that we will continue to monitor the recovery in oil demand and should oil prices sustainably return above WTI With respect to forward-looking statements contained in this document, the Company has made assumptions regarding, among other things: we will have the ability to continue as a going concern going forward and realize our assets and discharge our liabilities in the normal course of business; that the Company does not dispose of or acquire material producing properties or royalties or other interests therein; the impact of the Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct.
Our FFO performance of As we continue to monitor the recovery in oil demand and should oil prices sustainably return above WTI Our senior management and the Board of Directors continue to focus their attention on the evaluation of the Company’s strategic options and alternatives and actively pursue the objective of consolidation within the Cardium play to add scale, efficiency and financial strength.Our staff worked diligently in response to the exceptional pricing volatility over the past several months.
Obsidian Energy's unaudited interim consolidated financial statements and Management's Discussion and Analysis ("MD&A") as at and for the three and six months ended June 30, 2020 … Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: that the unaudited interim consolidated financial statements and MD&A will be filed in due course on SEDAR and EDGAR; that we will continue to monitor the recovery in oil demand and should oil prices sustainably return above WTI With respect to forward-looking statements contained in this document, the Company has made assumptions regarding, among other things: we will have the ability to continue as a going concern going forward and realize our assets and discharge our liabilities in the normal course of business; that the Company does not dispose of or acquire material producing properties or royalties or other interests therein; the impact of the Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct.
To listen to the replay, please dial 416-764-8677 or 1-888-390-0541 (toll-free) and enter replay code 047571, followed by the pound (#) key.For further information on these and other matters, Obsidian Energy has posted an updated corporate presentation which can be found on its website, EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry.We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings.Help us to improve EnergyNow, Give us your feedback Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation.
July 30, 2020 EnergyNow Media CALGARY, May 6, 2020 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, OTCQB – OBEL) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce our first quarter 2020 financial and operational results.All figures are in Canadian dollars unless otherwise stated.
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