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Obsidian Energy lowers 2026 production guidance due to weather and facility delays, targets 15% growth in 2027

Market News
14 Sep 2026
Newsfile Corp
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Neutral
Obsidian Energy lowers 2026 production guidance due to weather and facility delays, targets 15% growth in 2027

Obsidian Energy updated its 2026 production guidance to 28,500–29,500 boe/d, down from 29,000–31,000 boe/d, citing weather-related development delays and downtime at newly acquired Belly River assets. The company has two rigs active in Peace River and Willesden Green, advancing development and waterflood projects. Despite setbacks, Obsidian targets over 15% production growth in 2027 and plans to release 2027 guidance in January. Capital expenditures remain around $300 million, supporting steady production and infrastructure expansion.

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