The energy-based firm, Obsidian Energy is headquartered in Calgary, a city located within Alberta, Canada. It started as Penn West Petroleum Limited. In 2017, the global company underwent all-rounded positive transformations which led to the improvement in the services which they offer. Besides, it also acquired its new name, Obsidian Energy. The firm is headed by David French, the president and the overall manager.
The location of the company influences the number barrels of oil which they produce on a daily basis. The founders were wise enough to construct it along the Western Canadian Sedimentary Basin. With this, they have earned markets for the natural gas and oil that they deal in. Additionally, the company has developed their operational standards making their products of high quality.
Before the change of the name, it recorded massive sales in stocks. Their dealings earned them high rankings in New York’s markets for stocks. The employees are also chief contributors to the success of Obsidian Energy. The company is now working with successful entrepreneurs and investors who are contributing to its growth.
Additionally, the change led to the increase in sales of solid assets making Obsidian, one of the best investment industries in the whole of Canada. Profits have also doubled leading to economic development and growth of the firm.
Change is the best thing any enterprise that is after success should embrace. For Obsidian Energy, it has employed more qualified staff compared to when it operated as Penn West Petroleum Limited. David has empowered his professionals to continue building the company’s image through maximum productivity. The markets where Obsidian Energy sells it natural gas and crude oil have also expanded.
The goals that the company set in its previous years of successful operations are reaching their targets with wholesome achievements. Indeed, David French has contributed tirelessly with beneficial efforts for the sake of his company. Click Here to learn more about Obsidian Energy.
As of now, the energy sector has grown with better market trends. These have attracted world’s investors to continue participating in building the economy. With all these, Obsidian Energy remains to stand firm in all their operations while reaping the benefits of change.
View Source: https://www.obsidianenergy.com/