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Obsidian Energy closes Belly River acquisition, raises 2026 guidance

Jul 2, 2026, 7:10 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The deal adds scale (2,500 boe/d) and a clear 2027 growth path, underpinning FFO uplift and balance-sheet strength; near-term guidance upgrade supports multiple expansion but remains sensitive to weather and oil prices.

AI summary

What happened, with direct paths to the underlying reporting

Obsidian Energy closed the Belly River acquisition on June 30, 2026, adding ~2,500 boe/d of Belly River light oil (76% liquids) and 35 net sections at Wilson Creek. The company raised 2026 guidance to 29,000–31,000 boe/d and targets about 22% production growth in 2027, led by a 28% lift in light oil, supported by a six-well program in early 2027.

Acquisition closes Belly River assets in Wilson Creek on June 30, 2026.
Adds approximately 2,500 boe/d of Belly River light oil; 76% liquids.
2026 guidance increased to 29,000–31,000 boe/d (midpoint 30,000).
2027 growth target ~22% including acquisitions; light oil +28%.
Six-well program planned early 2027 to lift acquired output ~3,000 boe/d.

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