Acquiring Company
Obsidian Energy Ltd
Acquired Company
Belly River
CalgaryEnergyOil And GasEnergyOil And GasDescription
Obsidian Energy Ltd. has completed the acquisition of Belly River, a strategic light oil asset. This acquisition is part of their broader initiative to enhance production growth, targeting a 15% increase by 2027. The deal was funded through a debt-financed approach. Following the acquisition, Obsidian's financial metrics have shown increased net debt but also ambitions for stronger production output.
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Based on deal dataFrequently asked
Who acquired Belly River?
Belly River was acquired by Obsidian Energy Ltd, based in Calgary. The deal was reported on August 26, 2026. Obsidian Energy Ltd. is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing roughly 25,000 boe/d. Obsidian Energy Ltd is publicly traded (OBE) and operates in Energy.
When did Obsidian Energy Ltd acquire Belly River?
Obsidian Energy Ltd's acquisition of Belly River was reported on August 26, 2026. Obsidian Energy Ltd. has completed the acquisition of Belly River, a strategic light oil asset. This acquisition is part of their broader initiative to enhance production growth, targeting a 15% increase by 2027. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Belly River do?
Belly River is a light oil asset. It contributes to Obsidian Energy's portfolio through expansion of production capabilities. Its acquisition supports Obsidian's growth strategy. The asset is strategically located in Alberta, enhancing operational efficiency. It is privately held, operating in Energy.
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