The monastery was founded in about 1134 by Saint Stephen of Obazine, who after his ordination, with another priest, Pierre, began the eremitical life.
They attracted a number of followers and with the sanction of Eustorge, Bishop of Tulle, built a monastery on a site granted them by the Viscount Archambault.
The Obazine Abbey had foundations in Limousin and Quercy, as farms all around Rocamadour, a famous sacred place of pilgrimage.
These Cistercian farms were situated in Alix, Calès, Bonnecoste, Couzou, Carlucet, near Séniergues, and the last at La Pannonie.
That ring of Cistercian presence in Quercy was able to provide furnish wood and food to pilgrims, to the monks of Rocamadour and to Obazine.