04:17 AM EDT, 10/01/2024 (MT Newswires) -- Obsidian Energy ( OBE ) said late Monday it raised its 2024 production outlook to a range of 37,000 to 37,400 barrels of oil equivalent per day from previous guidance of 36,400 to 37,000 boe/d.

The company reduced its full-year capital expenditures guidance to $320 million to $335 million from the previous range of $335 million to $345 million.

Obsidian said H2 drilling results "continue to exceed our initial expectations."

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