Session Chairpersons: Nick Tumu - Obsidian Energy; Chad Lemke - GLJ

The Clearwater Formation has become one of Canada's most economic oil plays, recently surpassing 150,000 bbl/d. The four largest producers, responsible for 80% of total production, are now shifting focus from aggressive expansion to production optimization and waterflooding. Meanwhile, the next wave of producers is leveraging insights from early development to explore new Clearwater regions. This panel will begin with an analyst-driven overview of the play, followed by a discussion with emerging operators on their strategies, challenges, and opportunities in this evolving landscape.

Moderator: Jeremy McCrea, Managing Director, Equity Research - BMO Capital Markets
Panelist:
Jay McGilvary, VP Development - Obsidian Energy
Sue Riddell Rose, CEO - Rubellite Energy
Karl Rumpf, Vice President, Exploration and New Ventures - Rubellite Energy
Melissa Sandbeck, EVP Engineering - Clear North Energy