Larry Mize and Jonathan Kaye head a group of nine players tied for third place at 4-under. Dennis Paulson, Briny Baird, Cameron Beckman, Darren Clarke, Patrick Sheehan and Marco Dawson also stand at minus-4.
Play was delayed for 45 minutes at the outset due to a marine layer of fog and rain. Action was halted for more than three hours, less than an hour after play began, because of more rain and fog. The round was finally suspended for the day at 7:14 PM ET as the poor weather moved back in.
The other big story of the round was the return of the No. 1 player in the world, Tiger Woods. Woods, who has been out of action since early December because of knee surgery, is 1-under par through nine holes.
Oberholser started on the back nine at the North Course, as play will be contested on the North and South Courses the first two rounds before finishing on the South course over the final two rounds. The two-time winner on the Nationwide Tour last season started with three straight pars before carding his first birdie at the par-4 13th. He then birdied the 16th and 18th to climb to minus-3.
On the front side, Oberholser continued his hot play with a birdie at the first, to give him three birdies in four holes. The San Jose State grad later birdied Nos. 4 and 7 before play was halted for the day.
'If you keep golf as simple as possible, if you can take yourself back to when you were 12, 13, 14 years old and how much fun you were playing when you were 12, 13, 14 years old, you can keep it that way,' said Oberholser. 'That's the best way to play this game. That's what I tried to do.'
Woods, who last played in the Target World Challenge in December, bogeyed the par-4 fourth on the North Course. He came right back with a birdie at the next and another birdie at the eighth.
Woods struggled to find his rhythm as he hit only two fairways in his first nine holes. Both times he found the fairway, he went on to birdie the hole.
He also flew the green on the par-3 third hole. Woods hit his first fairway at No. 5. He sent his tee ball at the seventh into the thick rough. Woods also found the deep stuff off the ninth tee, negating a chance for birdie at the par-5 ninth.
Kendall, who was also in action on the North course, started with a birdie at the par-4 second. He later birdied the ninth to make the turn at 2-under.
The UNLV grad carded another birdie around the turn at No. 10. The 39-year-old Kendall posted consecutive birdies starting at the 15th before play was halted.
First-round action is scheduled to resume at 10:30 AM ET on Friday.
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