Highwood Asset Management agrees to sell Wilson Creek assets to Obsidian Energy for up to $112 million
PUBT · 06/03 00:05
Share
Listen to the news
- Highwood Asset Management agreed to sell its Wilson Creek assets to Obsidian Energy for up to USD 112 million.
- USD 105 million cash due at closing, subject to adjustments; transaction effective April 1, 2026.
- Contingent payments up to USD 7 million tied to WTI, paid quarterly from Q3 2026 through Q2 2027.
- Closing expected around June 30, 2026, subject to regulatory approvals and customary conditions.
- Proceeds earmarked for debt reduction; net debt projected at about USD 15 million post-close.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highwood Asset Management Ltd. published the original content used to generate this news brief on June 03, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2026 Webull. All Rights Reserved