Obsidian Energy Continues Growth and Green Focus

Having access to energy is a practical necessity for all people. Due to the importance of having access to energy, companies that are in the energy field are very important as they help to ensure people have access to the energy they need to live a safe and efficient life. One company that has continued to be a major player in the energy industry for decades has been Obsidian Energy.


Obsidian Energy is a publicly traded energy company that has been producing oil and gas for decades. The company is considered a mid-size company that produces over 30,000 barrels on a daily basis. The company has been around for a long time and has a strong reputation but recently rebranded. Prior to June 2017, the company was called Penn West.


One of the reasons for the continued success of Obsidian Energy is that they have strong strategic locations that are used for drilling. Today, Obsidian focuses a lot of their energy and resources on a few different spots in Alberta. These areas of Alberta are considered to have very deep wells, which provides Obsidian Energy the ability to find plenty of natural resources.


While Obsidian Energy is known for producing a lot of oil and gas on a daily basis, they are also heavily focused on providing a safe and unique approach to access the energy. Obsidian Energy is committed to making their region a safer place to ensure that the environment is not negatively impacted by any of the activity that takes place. They currently operate an organization called Our Community Matters, which focuses on improving the environment and the lives of people that live in certain communities. The company also operates a toll-free hotline that people can call in with any concerns that they are experiencing in the market or local environment.


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Obsidian Energy- A New Dawn

Obsidian Energy, was founded in 1979 and is an oil and natural gas company located in Calgary, Alberta, Canada. David L. French is the current President and CEO. Obsidian has gas wells all through the western side of Canada, and produces approximately 30,000 boe per day. Three strategically placed key development assets are located at the Alberta Viking, Cardium, and Peace River.


Obsidian Energy was previously known as Penn West Petroleum, but the name was changed due to a ninety-two percent majority vote by shareholders. The company took its name from the naturally occurring volcanic rock. According to President David L. French, the changes to the company moves beyond just a name change. Obsidian Energy has gone through significant changes in operations and the overall size of their company, creating a leaner more efficient company. For Obsidian, the decision to change their name acts as a way for the company to redefine themselves and open up a new and brighter chapter. They don’t simply want to grow as a company; they are working to evolve the industry as a whole. Find Related Information Here.


Obsidian Energy has a fantastic roster of professionals on their management team, each with years of experience and expertise. The management team includes:


-David L. French, the President and CEO. Holds a Mechanical Engineering Degree and an MBA from Harvard Business school. He previously served as President and CEO of Bankers Petroleum.

-David Hendry- The Chief Financial Officer. He has over 25 years of financial experience and former Finance Vice President at Talisman Energy.

-Tony Berthelet – Vice President, Development and Operations. He holds a degree in Geological Engineering and has 19 years of experience in the energy field.

-Andrew Sweerts- Vice President, Production and Technical Services. He holds degrees in both Chemical Engineering and Business Management. He has over 25 years of experience in Oil and Gas.

-Mark Hodgson- Vice President, Business and Commercial. Holds a degree in Finance and has 16 years of industry experience.


Visit: http://www.newswire.ca/news-releases/penn-west-changes-name-to-obsidian-energy-ltd-and-announces-voting-results-from-the-2017-annual-and-special-meeting-of-shareholders-630941703.html