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On June 26, 2024, Obsidian Energy Ltd. completed the acquisition of approximately 1,700 barrels of oil equivalent per day (boe/d) of Clearwater production and 148 net sections of land in the Peace River area from a third-party vendor. This strategic acquisition enhances Obsidian's presence in the region, providing significant development potential aligned with its 2024–2026 corporate growth plan.
Parties
Company
Obsidian Energy Ltd.
Company
Undisclosed Seller
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 80,500,000Deal Status
ClosedClosing Date
26 June 2024