Quarterly / Earnings Reports | Production | Second Quarter (2Q) Update | Financial Results | Capital Markets | Capex Decrease | Capital Expenditure - 2017
Obsidian Energy Cuts 2017 Capex Over 10% to $160 Million
Email
Print 
Bookmark
Obsidian Energy (formerly Penn West) reported its Q2 2017 results. Highlights include:
Decreased Capex: Lowered 2017 capex to $160 million (down -11% from $180 million)
- The decrease is due to the current oil price environment
Q2 production averaged 30,436 boe per day, including 29,983 boe per day in our key development and legacy areas.
Related Categories :
Second Quarter (2Q) Update
More Second Quarter (2Q) Update News
-
Berry Reaffirms FY25 Guidance; Uinta Wells Drive 2H Growth
-
SM Energy Hits Record Output; Driven by Uinta
-
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025 -
-
Comstock Rides Higher Gas Prices, Operational Momentum in Q2 2025
-
A Quarter of Quiet Strength: CNX’s Patient Ascent in Appalachia -
Canada News >>>
-
Western Canada Upstream M&A: Q1 2026 Transaction Report
-
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan -
-
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
-
Whitecap Details 2026 Duvernay & Montney Program
-
ARC Resources: Lower 2026 Capex, Higher Volumes
