Canadian First Nation agrees with Obsidian Energy's drilling expansion plans [Yahoo! Finance Canada]
Obsidian Energy Ltd. (OBE)
Last obsidian energy ltd. earnings: 8/2 06:30 am
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Source: Yahoo! Finance Canada
"After mediated negotiations, we have come to terms on an agreement in principle that balances the rights and interests of the Nation and Obsidian Energy Ltd." Woodland Cree Chief Isaac Laboucan-Avirom said in a statement. Obsidian Energy was forced to shut production at two of its sites last month amid an ongoing dispute with the Indigenous community. Woodland Cree First Nation first criticized Obsidian Energy in February for failing to address concerns about its operations after regulators said the Canadian oil and gas producer was responsible for a series of earthquakes. ADVERTISEMENT Calgary-based Obsidian produces roughly 31,000 barrels of oil equivalent per day (boepd). Around 20% of output comes from the company's Peace River assets in northern Alberta, some of which are located within Woodland Cree territory. (Reporting by Shivani Tanna in Bengaluru; Editing by Alan Barona)
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News
- WOODLAND CREE FIRST NATION ANNOUNCES AGREEMENT IN PRINCIPLE WITH OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE AMERICAN: OBE) [Yahoo! Finance]Yahoo! Finance
- Woodland Cree First Nation, Obsidian Energy resolve northern Alberta standoff [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Woodland Cree, Obsidian energy resolve northern Alberta standoff [Yahoo! Finance Canada]Yahoo! Finance Canada
- Obsidian Energy Announces Agreement with the Woodland Cree First Nation [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy Announces Peace River Acquisition and Increased 2024 Average Production Guidance [Yahoo! Finance]Yahoo! Finance
OBE
Sec Filings
- 6/11/24 - Form 6-K
- 5/29/24 - Form 6-K
- 5/15/24 - Form 6-K
- OBE's page on the SEC website