Financial PerformanceProceeds from the asset sale will primarily be used to pay down debt, improving the financial health of the company.
Production GrowthObsidian announced its guidance projecting production in the range of 27.1-28.3 mboe/d, indicating an optimistic outlook for future production levels.
Project DevelopmentThe first Clearwater waterflood project is progressing, with infrastructure investments in Open Creek and Nampa, showing promising developments.