Obsidian Energy said the transaction allows the company to focus on its light oil development in Willesden Green, part of the Willesden Green Oil and Gas Field and the Duvernay Formation.

Obsidian Energy continued to successfully implement our ... At the same time, we continued to invest in our Willesden Green/Pembina (Cardium) light oil assets, resulting in stable production and ...

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Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field ... asset with additional optionality from remaining ...

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(4) In addition, Obsidian Energy expects to participate ... We anticipate returning to drilling our light oil assets in the second half of the year, including at the Willesden Green Unit#2 where we ...