Obsidian Energy Announces Offering and Pricing of $175 Million, 5-Year Senior Unsecured Notes due in 2030 and Redemption of Existing $80.8 Million Senior Unsecured Notes due in 2027November 19, 2025 5:00 PM EST | Source: Obsidian Energy Ltd.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - November 19, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or ...

Core Viewpoint - PrimeEnergy Resources Corporation reported its financial and operational results for Q3 2025, highlighting a strong balance sheet and disciplined capital allocation strategies [1]. Financial Results - Net income for the quarter was $10.6 million, with a year-to-date total of $22.9 million [7]. - Operating cash flow for the first nine months of 2025 reached $84.5 million [7]. - Total revenue from oil, gas, and NGLs for the quarter was $45.97 million [7]. Production & Sales Data - Q3 production included 505 MBbl of oil, 2.3 Bcf of natural gas, and 362 MBbl of NGLs [7]. - Year-to-date production totaled 1.56 MMbbl of oil, 7.1 Bcf of gas, and 1.20 MMbbl of NGLs [7]. Balance Sheet and Liquidity - As of September 30, 2025, the Company reported zero outstanding bank debt and full availability under its $115 million revolving credit facility [2]. - The Company is focused on evaluating opportunities for disciplined development and acquisitions while maintaining liquidity [2]. Capital Allocation & Shareholder Alignment - The Company retired 73,470 shares year-to-date, reducing outstanding shares by over 4% [3]. - Chairman and CEO Charles E. Drimal, Jr. holds approximately 56.5% of fully diluted shares, with directors and a major shareholder holding an additional 20% [3]. Operational Update - Development continued across core acreage in Texas and Oklahoma, focusing on long-lived production and capital discipline [4]. - Gas revenue saw a significant increase due to higher pricing and increased volumes, while oil volumes declined due to natural decline in mature assets [4]. Management Commentary - The Chairman and CEO emphasized the balance between disciplined investment and returning capital to shareholders, highlighting the strong balance sheet and high insider ownership as indicators of long-term strategic alignment [5].

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Core Insights - Chevron Corporation and Exxon Mobil Corporation are exploring the acquisition of Lukoil assets due to forced divestitures exceeding $20 billion amid sweeping sanctions [1][8] - The U.S. Treasury's clearance for potential buyers has intensified competition among global energy firms [1] - The geopolitical context surrounding these acquisitions is significant, as U.S. sanctions aim to pressure Moscow amid the Ukraine conflict [5] Chevron's Strategic Interests - Chevron is focusing on assets with operational and geographic overlaps, particularly in Kazakhstan's Karachaganak and Tengiz fields, where it already partners with Lukoil [2] - The acquisition of additional stakes in these fields could enhance Chevron's presence in Central Asia and strengthen its upstream projects [2] Exxon's Targeted Acquisition - Exxon Mobil is particularly interested in Iraq's West Qurna 2, a major undeveloped oil field, aiming to reestablish its foothold in Iraq's energy sector [3] - A successful acquisition would represent one of Exxon's most significant upstream moves in the region in over a decade [3] Lukoil's Global Portfolio - Lukoil's international assets include refineries, retail stations, and oilfield stakes across Europe, Africa, and the Americas, attracting both strategic buyers and investment firms [4] - The breadth of Lukoil's portfolio presents selective opportunities for companies like Chevron and Exxon, as well as investment firms like Carlyle [4] Geopolitical Implications - The divestiture of Lukoil's assets is not only a commercial matter but also a geopolitical one, as it shifts strategic energy resources amid ongoing sanctions [5] - Countries like Iraq are seeking temporary waivers to manage the transition of these energy resources [5]

Core Insights - Crude oil inventories decreased by 3.4 million barrels last week, indicating a tightening supply in the market [1] - The decrease in inventories is attributed to increased exports and higher refinery utilization rates [1] Industry Summary - The EIA reported a significant drop in crude oil inventories, which may suggest stronger demand or supply constraints [1] - Increased exports are contributing to the reduction in inventories, reflecting a potentially robust international market for crude oil [1] - Refineries are operating at a higher rate, which may indicate an uptick in domestic consumption or preparation for increased export activities [1]

UK-based oil and gas operator Ithaca Energy has signed a farm-in agreement with Shell UK for a 50% working interest in licences P2629 and P2630 containing the Tobermory gas discovery in the West of Shetland basin. Upon completion of the farm-in agreement, Shell UK will continue to hold a 50% stake in the Tobermory discovery and serve as the licence operator. The company said that the agreement builds on its investment strategy for the West of Shetland basin. Ithaca Energy also stated that this move posi ...

Wood, a UK-based provider of technical services to the energy sector, has secured a contract from PetroChina for the West Qurna 1 oilfield in southern Iraq. Under the contract, Wood will undertake engineering, procurement and construction (EPC) works across the West Qurna 1 development. This extends the company's decade-long support for one of the world’s largest crude developments and supports Iraq’s energy goals, stated Wood. Wood plans to deliver the contract by utilising nearly 200 of its employees ...

Key Takeaways CNQ posts record output and resilient margins while CVX contends with weaker crude and operational pressures.CVX faces declining liquid realizations, China demand uncertainty, and higher operating costs.CNQ benefits from low-decline oil sands, lower costs, strong balance sheet, and rising EPS estimates.Canadian Natural Resources Limited ((CNQ) and Chevron Corporation ((CVX) sit on opposite sides of North America, yet both are central players in global oil markets. They share a common identity ...

Core Viewpoint - Questerre Energy Corporation has received regulatory approval for a joint venture with Nice Capital Holdings Ltda. to develop PX Energy, an oil shale production and refining company in Brazil [1][2]. Group 1: Joint Venture Details - Nice Capital Holdings Ltda. will acquire a 50% interest in the joint venture by purchasing shares of Questerre's special purpose subsidiary and the Brazilian holding company that owns 100% of PX Energy [2]. - The Brazilian Administrative Council for Economic Defense (CADE) issued a final decision approving Nice's participation in the joint venture [2]. Group 2: Company Strategy and Vision - The company aims to leverage its expertise in low permeability reservoirs to acquire high-quality resources and transition its energy portfolio using clean technologies [3]. - Questerre believes that the future success of the oil and gas industry relies on balancing economics, environment, and society, emphasizing transparency and public involvement in energy decisions [4].