Amaze to Provide Merchandising Services as an Official Sponsor of the Outlaw Music Festival Tour 2025
Amaze Brings Premium Merch and Digital Engagement to the Iconic Tour
NEWPORT BEACH, CA / ACCESS Newswire / May 13, 2025 / As the Outlaw Music Festival celebrates its milestone 10th anniversary, Amaze Holdings, Inc. (NYSE American:AMZE) ("Amaze" or the "Company"), a global leader in creator-powered commerce, is joining the legendary tour as an Official Sponsor and Exclusive Branded Merchandise Partner. Through this collaboration, Amaze will provide official Outlaw Music Festival merchandise available on-tour as well as online, engaging passionate fans at one of the most iconic live music events in the country.
With nearly half a million fans expected to attend in person, Amaze will facilitate the production and delivery of exclusive tour apparel and merchandise available for sale throughout the duration of the festival. Amaze's presence will also be showcased across the Outlaw Music Festival's official website, select social and email campaigns, IMAG screen branding, and VIP gift packs.
"Our partnership with the Outlaw Music Festival is an opportunity to provide fans with premium merchandise and potential new ways to commemorate their show experience," said Aaron Day, CEO of Amaze. "The Outlaw Music Festival is a celebration of community found through music, and we are looking forward to providing opportunities for fans to further connect with the festival experience."
On-site during the tour, Amaze and the Outlaw Music Festival will also highlight and promote a private-label wine. Leveraging Fresh Vine Wine's Napa Valley, California sourced premium grapes and direct-to-consumer fulfillment capabilities, Amaze and the Outlaw Music Festival are co-developing a limited-edition 10th anniversary premium red wine label, honoring the spirit and legacy of the festival's milestone 10th anniversary in a distinctive and memorable way.
As Amaze continues to grow, this partnership reflects the work that defines the Company's path forward-creating real-world experiences that bring fans closer to the moments and communities they love. This partnership is another meaningful milestone in Amaze's journey to support live event experiences for artists and attendees alike. The 2025 Outlaw Music Festival kicks off May 13 in Phoenix, AZ, and continues through September, with stops at some of the most legendary venues in the country.
For investor information, visit IR@amaze.co
For press inquiries, please contact PR@amaze.co
About Amaze:Amaze Software, Inc. is an end-to-end, creator-powered commerce platform offering tools for seamless product creation, advanced e-commerce solutions, and scalable managed services. By empowering anyone to "sell anything, anywhere," Amaze enables creators to tell their stories, cultivate deeper audience connections, and generate sustainable income through shoppable, authentic experiences. Discover more at www.amaze.co.
About Outlaw Music Festival:The Outlaw Music Festival proudly celebrates its 10th anniversary, marking a decade of unforgettable performances and camaraderie among music luminaries and fans alike. Since its 2016 inception in Scranton, PA, the festival has become a hallmark of authentic Americana, developing into one of North America's largest annual touring franchises. Learn more at blackbirdpresents.com/concert/outlaw-music-festival-tour-2025
Cautionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements relate to future events and developments or to our future operating or financial performance, are subject to risks and uncertainties and are based estimates and assumptions. Forward-looking statements may include, but are not limited to, statements about our strategies, initiatives, growth, revenues, expenditures, our plans and objectives for future operations, and future financial and business performance. These statements can be identified by words such as such as "may," "might," "should," "would," "could," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential" or "continue," and are based our current expectations and views concerning future events and developments and their potential effects on us.
These statements are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those projected or otherwise implied by the forward-looking statement. These risks include: our ability to execute our plans and strategies; our limited operating history and history of losses; our financial position and need for additional capital; our ability to attract and retain our creator base and expand the range of products available for sale; we may experience difficulties in managing our growth and expenses; we may not keep pace with technological advances; there may be undetected errors or defects in our software or issues related to data computing, processing or storage; our reliance on third parties to provide key services for our business, including cloud hosting, marketing platforms, payment providers and network providers; failure to maintain or enhance our brand; our ability to protect our intellectual property; significant interruptions, delays or outages in services from our platform; significant data breach or disruption of the information technology systems or networks and cyberattacks; risks associated with international operations; general economic and competitive factors affecting our business generally; changes in laws and regulations, including those related to privacy, online liability, consumer protection, and financial services; our dependence on senior management and other key personnel; and our ability to attract, retain and motivate qualified personnel and senior management.
Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other future filings and reports that we file with the Securities and Exchange Commission (SEC) from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Also, these forward-looking statements represent our estimates and assumptions only as of the date of the press release. Unless required by law, we undertake no obligation to update or revise any forward-looking statements to reflect new information or future events or developments.
SOURCE: Amaze Holdings, Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
3 hours ago
- Miami Herald
Sports Illustrated Stadium Will Host Inaugural Concert Series This October With Country Superstar Jason Aldean, Hip-Hop Icon Ludacris and More Over Two Consecutive Nights
First-Ever 'Sports Illustrated Stadium Concert Series'General Public On Sale This Friday, June 6 at 10 a.m. NEW YORK CITY, NEW YORK / ACCESS Newswire / June 3, 2025 / Sports Illustrated Stadium, one of the New York metropolitan region's fastest-growing sports and entertainment destinations, today announced the inaugural "Sports Illustrated Stadium Concert Series" to be held over two nights on Oct. 10-11, 2025. This landmark moment launches the venue's first major music series and kicks off a growing calendar of world-class concerts and special events at the 25,000+ seat stadium through 2025 and beyond. Star-Studded Lineup Over Two Nights The Sports Illustrated Stadium Concert Series spans two individually ticketed nights of top-tier, live performances across country, rap, hip-hop, and R&B, allowing fans to attend one or both events based on their musical preference. On Friday, Oct. 10, legendary country music star Jason Aldean - three-time Academy of Country Music (ACM) Entertainer of the Year, multiple Country Music Association Award winner and ACM Artist of the Decade - will kick off the weekend, headlining a night of southern country tunes. Aldean will be joined by Warner Records' artist Warren Zeiders and rising stars Chase McDaniel and Lauren Gottshall, along with Aldean's country music pioneer and longtime touring partner Dee Jay Silver. Saturday, Oct. 11, will celebrate the undeniable influence and legacy of hip-hop, rap and R&B, featuring headliner, music and film icon Ludacris - a three-time Grammy Award winner and recipient of honors including MTV Best Rap Video Award, Hollywood Film Award, Screen Actors Guild Award, Critics' Choice Award and a star on the Hollywood Walk of Fame. He'll be joined by a powerhouse lineup of platinum-selling artists who helped define a generation of music, including Grammy Award-winning, eight-time Billboard Award-winning and American Music Award-winning singer, composer, actress and Hollywood Walk of Fame recipient Ashanti, along with Flo Rida, Rick Ross and Fat Joe. This high-octane night promises once-in-a-lifetime moments, hosted by Grammy Award-winner INK. "The inaugural Sports Illustrated Stadium Concert Series highlights our vision of making this venue a premier destination for world-class sports, concerts and cultural experiences in the New York metropolitan area," said David Lane, CEO of Sports Illustrated Tickets and concert promotion head. "With an iconic lineup and unmatched energy, this is just the beginning. We are confident Sports Illustrated Stadium will set a new standard for live entertainment in this region, and we look forward to creating cherished memories for fans here for years to come." Tickets - Presale and On Sale Presales for both nights will begin June 3 at 10 a.m., with general public tickets and a limited number of parking passes on sale starting June 6 from 10 a.m. at Tickets are also available for purchase at the Sports Illustrated Stadium Box Office on Tuesdays, Wednesdays and Thursdays from 10 a.m. to 5 p.m. ET and on New York Red Bulls match days two hours before kickoff. Ticket prices start at $43. Sports Illustrated Stadium offers a true VIP experience through its unique hospitality tickets, including the VIP Pit with premium open bar and food at Crossbar, Audi Club access (all-inclusive food, soft drinks, and cash bar) for seats in sections 108/111 (first eight rows) and Club SI access (buffet and open bar) for sections 109/110 - all with limited availability. For fans looking for an elevated concert experience, a limited number of premium suites are available for purchase. For suite sales, please contact suites@ or call (973) 776-8479. Personalized Fan Experience In addition to the extraordinary musical lineup, attendees will be able to enjoy other activations at the stadium, including creating their own personalized Sports Illustrated Fan Cover to commemorate the night. Fans will also have the opportunity to engage in Sports Illustrated "Faces in the Crowd," a live photo capture experience that transforms real-time fan reactions into personalized SI Fan Covers and commemorative Concert Series tickets. During show breaks, SI Fandom will feature interactive jumbotron light shows, trivia, augmented reality, and more for the ultimate fan experience. Getting to Sports Illustrated Stadium Sports Illustrated Stadium is located at 600 Cape May St. in Harrison, N.J. Conveniently situated just across the Passaic River from Newark Penn Station and approximately seven miles west of Lower Manhattan, the stadium is easily accessible via public transportation, with the PATH train to Harrison Station offering a short walk to the venue, making it an ideal location for sports fans and music lovers traveling from any part of the New York metropolitan area. ABOUT THE SPORTS ILLUSTRATED STADIUM CONCERT SERIES The Sports Illustrated Stadium Concert Series is a new landmark live music experience held at Sports Illustrated Stadium - one of the New York metropolitan area's premier destinations for concerts and cultural events. This marks the venue's first major music series and kicks off a growing calendar of world-class concerts and special events at the +25,000-seat stadium through 2025 and beyond. Backed by the legacy of Sports Illustrated, the series brings together global artists in a uniquely immersive venue built for fan-first energy, exceptional acoustics, and timeless memories. ABOUT SPORTS ILLUSTRATED STADIUM Sports Illustrated Stadium, one of the New York metropolitan region's fastest-growing sports and entertainment destinations, is the home of the New York Red Bulls of Major League Soccer and Gotham FC of National Women's Soccer League. Renowned for its distinctive architecture and exceptional acoustics, the stadium itself features a dynamic, curving roof that envelops the entire seating area in an elegant metal shell, creating a powerful architectural statement while enhancing the sight and listening experience for guests. This design not only provides protection from the elements but also amplifies stage and crowd noise, contributing to an electrifying atmosphere during any event. ABOUT SPORTS ILLUSTRATED TICKETS Sports Illustrated Tickets is a fan-first primary and secondary ticketing marketplace, offering access to more than $2.5 billion in inventory and over 50 million tickets to sports, concerts, and theater events worldwide. A proud member of the NFL Ticket Network, Sports Illustrated Tickets is your trusted source for unforgettable live experiences - featuring the same seats, better prices, and a 100% refund guarantee if an event is canceled for any reason. Its primary ticketing platform, Box Office, is an innovative event management and blockchain-based solution that supports both free and paid events of any size. Box Office delivers NFT ticketing alongside traditional tickets, giving event organizers powerful tools and fans a seamless, secure entry experience at the biggest events around the globe. For more information, visit ABOUT NVRDUL EVENTS & TRISTAR PRODUCTION GROUP As the exclusive booking services provider for Sports Illustrated Tickets and production services provider for the Sports Illustrated Stadium Concert Series, NVRDUL Events and its production partner, Tristar Production Group, comprise a full-service event and production company with a solid commitment to creating the very best fan experiences for sports, music and other live events worldwide. Press Contacts:Laura KepusBerk Communications for Sports Illustrated Ticketslaura@ 310-4995 Matt CieslukSports Illustrated 258-3896 Carri HydeNVRDULceo@ 504-5987 SOURCE: Sports Illustrated Tickets press release
Yahoo
8 hours ago
- Yahoo
Obsidian Energy Announces First Half Capital Program Update
Achieved new production record of 14,000 boe/d for Peace River asset Completed drilling all wells in our first Peace River Clearwater waterflood pilot on the Dawson 4-24 Pad Calgary, Alberta--(Newsfile Corp. - June 3, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on our first half 2025 capital program. Having completed our exploration/appraisal program in the first quarter of 2025 to further delineate our Peace River asset, second quarter activities focused on bringing the remaining wells on production. All 30 (28.4 net) wells in our first half program1 were rig released by the end of May, and all development wells are now on production. "We are pleased with our first half 2025 development program, which was concentrated on our Peace River Bluesky and Clearwater assets," said Stephen Loukas, Obsidian Energy's President and CEO. "We've achieved solid production results from this program as we stepped back into our established development areas at Harmon Valley South ("HVS") and Dawson in Peace River. In our Walrus area, we achieved the strongest initial production rates to date in the field, further validating its potential. Our Dawson Clearwater program continued to outperform our expectations on primary production and all five waterflood pilot wells are online, including two single leg wells that will become injectors after production tests. The successful execution of this pilot project is expected to provide the opportunity for broader implementation of enhanced oil recovery techniques on our Peace River assets to further increase reservoir recovery and reduce decline rates." Mr. Loukas continued, "We continue to monitor the macro-economic environment as it remains unsettled, causing uncertainty in the industry. We will adjust our capital allocation decisions accordingly as we finalize our second half 2025 plans, which are expected to be announced in late June/early July." HEAVY OIL ASSET HIGHLIGHTS Our second quarter 2025 activities focused on development drilling in the established, all season access fields of HVS (Bluesky formation) and Dawson (Clearwater formation). Included in our drilling program were four farm-in wells where we earned additional land holdings at HVS and Seal. Development Program We rig released and brought on production the remaining operated development wells in Peace River through April and into May, leading to a new production high of 14,000 boe/d for this area. Dawson 4-23 Pad (Clearwater) - Simultaneous facilities construction and drilling operations supported faster-paced development as we follow the established productive trends through this field. All four wells are now on production with the remaining two wells in the first half program producing at a 30-day initial production ("IP") rate of 393 boe/d and 105 boe/d, respectively. Our Dawson field continues to produce at higher rates than forecasted. Since the field was established in 2023, Clearwater production has grown significantly from 189 boe/d in the fourth quarter 2023 to over 3,000 boe/d in May 2025 (field estimate), driven purely by organic drilling success. We expect to continue the development of the field as we follow up on our strong results over the past 18 months. HVS Field (Bluesky) - All five development wells in the 2025 program are now online, providing strong production additions and further reservoir information to continue to refine our drilling operations. In addition, two of the five (5.0 net) wells further tested our "waffle well" drilling design, showing successful results in increasing initial production performance on existing Pads. HVS 13-08 Pad - Two (2.0 net) wells from the first half program came onstream and delivered 30-day IP rates of 440 boe/d (99 percent oil) and 350 boe/d (99 percent oil), respectively. HVS 13-18 Pad - Both wells are on production and produced at 30-day IP rates of 251 boe/d (98 percent oil) and 185 boe/d (99 percent oil), respectively. HVS 14-07 Pad - The one (1.0 net) well came on production in May and has produced at a 22-day IP rate of 568 boe/d (100 percent oil). We have identified two follow up locations from this pad, which are currently scheduled for our near-term drilling plans. Walrus 7-21 Pad - Two (1.8 net) offset wells were drilled on the existing 7-21 Pad in the main part of the field and placed on production in mid-April. The wells provided results above expectations, producing the highest Bluesky initial rates achieved in our Walrus field to date. The 100 percent working interest well achieved an average 30-day IP rate of 170 boe/d (100 percent oil). The second joint interest well (0.8 net) produced at an average 30-day IP rate of 361 gross boe/d (100 percent oil). Through this joint venture, Obsidian Energy gained 10.1 net sections of land with additional follow-up locations. Land Farm-In Earning Wells - Four (2.6 net) wells were drilled in HVS and East Seal as part of earning or joint venture land agreements to further delineate new areas of Peace River. East Seal 4-14 Pad -The second (0.7 net) well was brought back onstream post-breakup in mid-May and is in the process of cleaning up. HVS 16-09 Pad - In the southern part of our HVS field, the two (1.3 net) wells encountered good reservoir but high-viscosity oil. Both wells are on production and produced at a 30-day gross IP rate of 122 boe/d and 52 boe/d, respectively. Waterflood Pilot Project The Company continued to advance development of the Dawson field with a Clearwater waterflood pilot project in the centre of the field, expanding activities beyond primary recovery to test the potential for increased reservoir oil recovery. Dawson 4-24 Pad - All five (5 net) wells were drilled and placed on production, including the two (2.0 net) single leg injector wells. The first two (2.0 net) producer wells onstream had a 30-day IP rates of 329 boe/d and 342 boe/d (100 percent oil), respectively. The remaining three (3.0 net) wells are currently onstream with strong initial results. We plan to temporarily produce the injector wells prior to water injection to evaluate reservoir characteristics. The successful execution of this project opens the potential for additional future value through increased reservoir recovery across our Peace River asset. LIGHT OIL ASSETS Obsidian Energy also participated in five (2.2 net) non-operated wells in the first half of the year at the Pembina Cardium Unit #11 (~45 percent working interest). On the 08-12 Pad, four (1.8 net) wells are on production with an average 30-day IP rate of 223 (100 net) boe/d per well. Upon start-up, the wells were rate restricted due to gas takeaway capacity; peak production rates per well ranged between 335 to 360 boe/d per well during the first 30-days. The fifth well was placed on production in late May. HEDGING UPDATE In the second quarter of 2025, the Company added new oil and gas contracts to help mitigate the risk of potentially lower commodity prices. Currently, we have the following contracts outstanding on a weighted average basis: Oil Contracts Type Remaining TermVolume (bbl/d) Swap Price (C$/bbl)WTI Swap May 20256,476$ 89.83WTI Swap June 202512,217$ 85.63WTI Swap July 20254,500$ 84.81WTI Collar May 20253,500$ 97.29 - $101.79WCS Differential May 2025 - June 20258,500 ($19.39 ) WCS Differential July 2025 - September 20257,750 ($18.83 ) WCS Differential October 2025 - December 20256,000 ($19.30 ) MSW Differential May 2025 - June 20251,500 ($7.90 ) MSW Differential July 2025 - September 2025500 ($6.59 ) AECO Natural Gas Contracts Type Remaining Term Volume (mcf/d) Swap Price (C$/mcf)AECO Swap May 202519,905$ 2.26AECO Swap June - October 202525,118$ 2.24AECO Swap November 2025 - March 20268,768$ 3.48AECO Collar May - October 20251,896$ 2.11 - $2.64 RBC GLOBAL ENERGY, POWER AND INFRASTRUCTURE CONFERENCE Obsidian Energy will be participating in the RBC Global Energy, Power and Infrastructure Conference (the "Conference") from June 3rd to 4th, 2025 in New York, NY. Stephen Loukas, President and CEO will be presenting on the Company in a break-out session on June 4, 2025, at 2:30 p.m. ET/ 12:30 p.m. MT. ADDITIONAL READER ADVISORIES OIL AND GAS INFORMATION ADVISORY Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis is misleading as an indication of value. TEST RESULTS AND INITIAL PRODUCTION RATES Test results and initial production rates disclosed herein, particularly those short in duration, may not necessarily be indicative of long-term performance or of ultimate recovery. Readers are cautioned that short-term rates should not be relied upon as indicators of future performance of these wells and therefore should not be relied upon for investment or other purposes. A pressure transient analysis or well-test interpretation has not been carried out and thus certain of the test results provided herein should be considered preliminary until such analysis or interpretation has been completed. ABBREVIATIONS Oil Natural Gas bbl barrel or barrels AECO Alberta benchmark price for natural gas bbl/d barrels per day mcf thousand cubic feet boe barrel of oil equivalent mcf/d thousand cubic feet per day boe/d barrels of oil equivalent per day mmcf/d million cubic feet per day MSW Mixed Sweet Blend WTI West Texas Intermediate WCS Western Canadian Select FORWARD-LOOKING STATEMENTS Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of the "safe harbour" provisions of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "budget", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "objective", "aim", "potential", "target" and similar words suggesting future events or future performance. In addition, statements relating to "reserves" or "resources" are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated and can be profitably produced in the future. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: our expectation for certain wells to be made injectors in the future; our expectations for enhanced oil recovery techniques in Peace River; our plan for our second half 2025 capital program; our development plans at various locations; our plan to evaluate production techniques in order to produce certain heavier viscosity oil; our expectations in connection with the waterflood pilot project; our hedges; and our participation in the Conference. With respect to forward-looking statements contained in this document, the Company has made assumptions regarding, among other things: the duration and impact of tariffs that are currently in effect on goods exported from or imported into Canada, and that other than the tariffs that are currently in effect, neither the U.S. nor Canada (i) increases the rate or scope of such tariffs, reenacts tariffs that are currently suspended, or imposes new tariffs, on the import of goods from one country to the other, including on oil and natural gas, and/or (ii) imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas; that the Company does not dispose of or acquire material producing properties or royalties or other interests therein (except as disclosed herein); that regional and/or global health related events will not have any adverse impact on energy demand and commodity prices in the future; global energy policies going forward, including the continued ability and willingness of members of OPEC and other nations to agree on and adhere to production quotas from time to time; our ability to qualify for (or continue to qualify for) new or existing government programs, and obtain financial assistance therefrom, and the impact of those programs on our financial condition; our ability to execute our plans as described herein and in our other disclosure documents, and the impact that the successful execution of such plans will have on our Company and our stakeholders, including our ability to return capital to shareholders and/or further reduce debt levels; future capital expenditure and decommissioning expenditure levels; expectations and assumptions concerning applicable laws and regulations, including with respect to environmental, safety and tax matters; future operating costs and G&A costs and the impact of inflation thereon; future oil, natural gas liquids and natural gas prices and differentials between light, medium and heavy oil prices and Canadian, WTI and world oil and natural gas prices; future hedging activities; future oil, natural gas liquids and natural gas production levels; future exchange rates, interest rates and inflation rates; future debt levels; our ability to execute our capital programs as planned without significant adverse impacts from various factors beyond our control, including extreme weather events such as wild fires, flooding and drought, infrastructure access (including the potential for blockades or other activism) and delays in obtaining regulatory approvals and third party consents; the ability of the Company's contractual counterparties to perform their contractual obligations; our ability to obtain equipment in a timely manner to carry out development activities and the costs thereof; our ability to market our oil and natural gas successfully to current and new customers; our ability to obtain financing on acceptable terms, including our ability (if necessary) to extend the revolving period and term out period of our credit facility, our ability to maintain the existing borrowing base under our credit facility, our ability (if necessary) to replace our syndicated bank facility and our ability (if necessary) to finance the repayment of our senior unsecured notes on maturity or pursuant to the terms of the underlying agreement; the accuracy of our estimated reserve volumes; and our ability to add production and reserves through our development and exploitation activities. Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the forward-looking statements contained herein will not be correct, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things: the risk that (i) the tariffs that are currently in effect on goods exported from or imported into Canada continue in effect for an extended period of time, the tariffs that have been threatened are implemented, that tariffs that are currently suspended are reactivated, the rate or scope of tariffs are increased, or new tariffs are imposed, including on oil and natural gas, (ii) the U.S. and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) the tariffs imposed or threatened to be imposed by the U.S. on other countries and retaliatory tariffs imposed or threatened to be imposed by other countries on the U.S., will trigger a broader global trade war which could have a material adverse effect on the Canadian, U.S. and global economies, and by extension the Canadian oil and natural gas industry and the Company, including by decreasing demand for (and the price of) oil and natural gas, disrupting supply chains, increasing costs, causing volatility in global financial markets, and limiting access to financing; the possibility that we change our budgets (including our capital expenditure budgets) in response to internal and external factors, including those described herein; the possibility that the Company will not be able to continue to successfully execute our business plans and strategies in part or in full, and the possibility that some or all of the benefits that the Company anticipates will accrue to our Company and our stakeholders as a result of the successful execution of such plans and strategies do not materialize (such as our inability to return capital to shareholders and/or reduce debt levels to the extent anticipated or at all); the possibility that the Company ceases to qualify for, or does not qualify for, one or more existing or new government assistance programs, that the impact of such programs falls below our expectations, that the benefits under one or more of such programs is decreased, or that one or more of such programs is discontinued; the impact on energy demand and commodity prices of regional and/or global health related events and the responses of governments and the public thereto, including the risk that the amount of energy demand destruction and/or the length of the decreased demand exceeds our expectations; the risk that there is another significant decrease in the valuation of oil and natural gas companies and their securities and in confidence in the oil and natural gas industry generally, whether caused by regional and/or global health related events, the worldwide transition towards less reliance on fossil fuels and/or other factors; the risk that the financial capacity of the Company's contractual counterparties is adversely affected and potentially their ability to perform their contractual obligations; the possibility that the revolving period and/or term out period of our credit facility and the maturity date of our senior unsecured notes is not extended (if necessary), that the borrowing base under our credit facility is reduced, that the Company is unable to renew or refinance our credit facilities on acceptable terms or at all and/or finance the repayment of our senior unsecured notes when they mature on acceptable terms or at all and/or obtain new debt and/or equity financing to replace our credit facilities and/or senior unsecured notes or to fund other activities; the possibility that we are unable to complete one or more repurchase offers pursuant to our senior unsecured notes when otherwise required to do so; the possibility that we are forced to shut-in production, whether due to commodity prices decreasing, extreme weather events such as wild fires, inability to access our properties due to blockades or other activism, or other factors; the risk that OPEC and other nations fail to agree on and/or adhere to production quotas from time to time that are sufficient to balance supply and demand fundamentals for oil; general economic and political conditions in Canada, the U.S. and globally, and in particular, the effect that those conditions have on commodity prices and our access to capital; industry conditions, including fluctuations in the price of oil, natural gas liquids and natural gas, price differentials for oil and natural gas produced in Canada as compared to other markets, and transportation restrictions, including pipeline and railway capacity constraints; fluctuations in foreign exchange, including the impact of the Canadian/U.S. dollar exchange rate on our revenues and expenses; fluctuations in interest rates, including the effects of interest rates on our borrowing costs and on economic activity, and including the risk that elevated interest rates cause or contribute to the onset of a recession; the risk that our costs increase due to inflation, supply chain disruptions, scarcity of labour and/or other factors, adversely affecting our profitability; unanticipated operating events or environmental events that can reduce production or cause production to be shut-in or delayed (including extreme cold during winter months, wild fires, flooding and droughts (which could limit our access to the water we require for our operations)); the risk that wars and other armed conflicts adversely affect world economies and the demand for oil and natural gas, including the ongoing war between Russian and Ukraine and/or hostilities in the Middle East; the possibility that fuel conservation measures, alternative fuel requirements, increasing consumer demand for alternatives to hydrocarbons, government mandates requiring the sale of electric vehicles and/or electrification of the power grid, and technological advances in fuel economy and renewable energy generation systems could permanently reduce the demand for oil and natural gas and/or permanently impair the Company's ability to obtain financing and/or insurance on acceptable terms or at all, and the possibility that some or all of these risks are heightened as a result of the response of governments, financial institutions and consumers to a regional and/or global health related event and/or the influence of public opinion and/or special interest groups. Additional information on these and other factors that could affect Obsidian Energy, or its operations or financial results, are included in the Company's Annual Information Form (see 'Risk Factors' and 'Forward-Looking Statements' therein) which may be accessed through the SEDAR+ website ( EDGAR website ( or Obsidian Energy's website. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Unless otherwise specified, the forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Obsidian Energy shares are listed on both the Toronto Stock Exchange in Canada and the NYSE American in the United States under the symbol "OBE". All figures are in Canadian dollars unless otherwise stated. CONTACT OBSIDIAN ENERGY Suite 200, 207 - 9th Avenue SW, Calgary, Alberta T2P 1K3Phone: 403-777-2500Toll Free: 1-866-693-2707Website: Investor Relations: Toll Free: 1-888-770-2633E-mail: 1 Number of wells rig released in the first half of 2025 excludes the two (2.0 net) Peace River single leg injector wells, which are currently in production tests. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
14 hours ago
- Miami Herald
Think Power Solutions Earns Great Place to Work(R) Certification for Fifth Consecutive Year
AI Innovation, Entrepreneurial Culture, M&A Growth, and Operational Excellence Fuel 2025 Recognition PLANO, TEXAS / ACCESS Newswire / June 3, 2025 / Think Power Solutions, a leading provider of AI-enabled utility infrastructure solutions, proudly announces its fifth consecutive Great Place to Work® Certification™, highlighting its exemplary commitment to fostering a safe, entrepreneurial, and empowering work environment. "This recognition, for the fifth consecutive year, is especially meaningful because it's based entirely on feedback from our teams," said Hari Vasudevan, PE, Founder & CEO of Think Power Solutions. "At Think Power, we believe that when we take care of our people, they care for our customers and investors. As we continue to grow both organically and through targeted acquisitions, we remain focused on driving AI-powered innovation, strengthening customer relationships, and fostering a workplace culture that sets the standard for safety and excellence in the utility industry." Driving Organic Growth and M&A Strategy As part of its long-term strategy, Think Power Solutions continues to seek partnerships with entrepreneur/family-led firms specializing in utility infrastructure services that drive America's electric utility resilience, reliability, and smarter capital investment. Focus areas include: Advisory servicesEngineering servicesProject managementSpecialized field servicesSoftware solutions Through strategic M&A, the company aims to scale nationally, generate operational synergies, and accelerate industry-wide AI innovation to better serve its clients. "We couldn't be prouder of the positive response we received from our employees. This is a testament to our employee-centric culture that binds us together. We're excited to drive further growth in the utility sector and will continue to improve our workplace culture. Think Power Solutions continues to attract top talent and deliver industry-leading utility infrastructure services," said David Chandler, CHRO, Think Power Solutions. Think Power fosters a culture where employees are empowered, connected, and driven by purpose. This commitment is reflected in key survey results: nearly 90% of employees express strong pride in their work and believe customers would rate Think Power's service as "excellent." These insights reinforce the company's people-first philosophy and reputation for delivering high-performance, client-focused solutions. About Think Power Solutions Think Power Solutions is a leading provider of AI-enabled utility infrastructure solutions. The company partners with many of the nation's largest investor-owned and cooperative utilities. Known for its operational excellence, innovative technology, and industry-leading safety record, Think Power has earned a reputation as a trusted partner in the utility sector. The company actively engages in key industry organizations, including the Edison Electric Institute (EEI), and maintains a strong client-focused approach. With a culture rooted in innovation, excellence, and employee engagement, Think Power continues to attract top-tier talent and deliver solutions that support the evolving needs of the utility industry. Learn more at Follow us on LinkedIn, Twitter, and Facebook. About Great Place To Work® As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List. Media Contact:Sayantan DasguptaDirector, Marketing - Brand & SOURCE: Think Power Solutions
