Obsidian Energy presents plans to accelerate Belly River development
OBE•Obsidian Energy plans to accelerate Belly River development in the second half of 2026 and expand Clearwater waterflood operations. Third-quarter adjusted funds flow rose to $80.7 million, while net debt reached $363.3 million.
1. Development and finances
Obsidian Energy plans to accelerate Belly River development in the second half of 2026 while expanding Clearwater waterflood operations. Third-quarter adjusted funds flow from operations rose to $80.7 million from $73.6 million in the second quarter. Net debt reached $363.3 million, equal to 1.1 times annualized adjusted funds flow from operations. Liquidity increased by $100 million, replacing the Wilson Creek acquisition payment, and the company repurchased approximately 2.7 million shares since renewing its buyback program in March 2026.
