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Obsidian Energy Ltd. (OBE)
- CNW Group
The Week in Canadian Press Releases: 10 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.
- Reuters
Canadian First Nation rejects Obsidian Energy drilling expansion plans
The formal notice that Woodland Cree's chief and council have rejected Obsidian's drilling plans mark a further breakdown in relations, after the First Nation initially raised concerns about the company's activities on their territory in northern Alberta in February. The community urged Obsidian to address their concerns about a series of earthquakes in their territory in late 2022 and early 2023, that regulators said Obsidian were responsible for.
- Reuters
Canadian First Nation sends notice of opposition to Obsidian Energy drilling plans
A Canadian First Nation on Wednesday said it has told the Alberta Energy Regulator that oil and gas producer Obsidian Energy cannot proceed with plans to expanded drilling on its territory due to concerns about earthquakes. The Woodland Cree First Nation in northern Alberta criticized Obsidian earlier this week for failing to address the Indigenous community's concerns about a series of earthquakes that regulators found were caused by the company's wastewater disposal. Calgary-based Obsidian produces roughly 31,000 barrels of oil equivalent per day (boepd).
