Nine months after changing its name from Penn West Petroleum, newly repurposed Obsidian Energy has started 2018 by divesting non-core legacy assets in exchange for a reduction of $25 million in decommissioning liabilities. The deal supports Obsidian’s objective this year to develop its core Peace River, Cardium waterflood and Alberta Viking assets. The divested legacy assets consist of 2,200 boe/d (25% liquids) from 650 wells. In addition to the reducing Obsidian’s abandonment and reclamation......
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