Obsidian Energy reported second quarter 2026 results with average production of 28,200 boe/d and adjusted funds flow from operations of $73.6 million ($1.10 per share basic). The company closed the Belly River acquisition on June 30 for $98.0 million, adding approximately 2,500 boe/d of production. Subsequent to quarter-end, Obsidian increased its syndicated credit facility by $40 million to $275.0 million and issued a $75.0 million add-on to its senior unsecured notes due December 3, 2030. Net debt rose to $353.6 million at June 30, 2026. The company operates in the oil and gas industry, focusing on light and heavy oil production in Alberta.

Obsidian Energy closed a $75.0 million private placement offering of its 8.125% senior unsecured notes due December 3, 2030, which increased the aggregate principal amount of the notes outstanding to $250.0 million. The additional notes were issued at 102.75% of face value, resulting in gross proceeds of $77.9 million. Net proceeds will be used to pay down credit facility indebtedness, fund general corporate expenses, and pay transaction expenses. Obsidian Energy is an oil and gas producer operating in the Western Canada Sedimentary Basin.

Obsidian Energy announced an additional $75.0 million aggregate principal amount of its existing 8.125% senior unsecured notes due December 3, 2030, via a private placement. The offering is being issued at a price of 102.75, resulting in an effective yield of 7.186% and gross proceeds of $77.1 million. Net proceeds will be used to pay down credit facility indebtedness, fund general corporate expenses, and pay transaction expenses. Obsidian Energy is an oil and gas producer operating in the Western Canada Sedimentary Basin.

Obsidian Energy Ltd. entered into a First Amending Credit Agreement on June 23, 2026. The company operates in the energy industry, focusing on the acquisition and production of oil and gas assets.