Obsidian Energy-A Company With Positive Goals

Obsidian Energy is a Oil and Natural Gas mid-size company based out of Calgary, Alberta, Canada.

 

In 2014 when crude oil prices took a back slide the company ran into some financial and production issues. Over the next two years the company worked tirelessly to recover and were able to pull themselves out of financial debt and restructure their company to one that is now stronger and ready to succeed.

 

Obsidian Energy was formally known as Penn West Petroleum Ltd., but in 2017 the company officially changed its name to Obsidian Energy. With this name change came other significant changes for the company as well. Obsidian Energy set out to improve their sales, production and commitment to its’ workers, customers and local residents.

 

This company is located in one of the largest petroleum reserve areas in the world in Alberta and harvest its products from three specific areas: Pembina Cardium, Peace River Oil Sands, and the Alberta Viking.

 

The company was originally founded in 1979. Now as Obsidian Energy the company employs three hundred employees. David L. French is the President and CEO. He began work with the company in October of 2016.

 

Obsidian has placed a great emphasis on community and the environment including questions and concerns associated with their work. The company is committed to ensuring their work leaves a minimal impact on the environment. Obsidian Energy also strives to always have clear and honest communications with local residents and anyone who is concerned about the company’s practices and production styles.

 

Obsidian Energy had a productive year in 2017 while also successfully handling some issues that arose including fluctuating currency values and severe weather which affected production timelines. With the work, and ultimate success of 2017 behind them, Obsidian Energy is heading into 2018 with their eyes on progress and further success. Go To This Page for more information.

 

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