Obsidian Energy Reaps Greater Benefits Since Its Change

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/

The Evolution Of Obsidian Energy

Obsidian Energy is an oil and gas production company founded in the year 1979. The obsidian energy was founded under the core attributes involving discipline. Canadian based company has evolved over a series of titles since its foundation as a result of its different management together with the shift in the symbol of the stock. Previously, obsidian energy was known as Penn West Exploration Ltd. The obsidian industry is a moderately sized company that headquarters its central operations in Alberta, Canada.

 

Obsidian Energy is a corporation that excises on the regular strength of the production done, and firm accountability to industry stockholders, associates together with the associations involved. The company administration team that ensures all is done to the latter involves an approaching of two hundred workforces. Obsidian Energy workforce works to maintain the industry well-balanced responsibility of high-quality assets producing approximately thirty thousand barrels of oil on a daily basis.

 

In addition to the industry management team, presently, David L French holds the company executive positions as the president and chief executive officer. David officially began working as an executive leader at Obsidian Corporation in early 2016. Prior, he worked at Bankers Petroleum Ltd, a gas company based in Calgary, Canada.

 

In addition to staff steam working towards the development of the brand across the globe is David Hendry; he works as the Chief Financial Officer. The production and technical services department is also headed by Andrew Sweerts. Additionally, the business development and commercial department is led by Mark Hodgson as the Vice President together with Tony Berthelet who serves in the similar position in the development and operation departments. The Obsidian team works purposefully to develop and sustain relationships with employees. Read This Page to learn more.

 

Meanwhile, Obsidian Energy is committed to making a positive impact in the communities. The industry is among the top environmental organization that reduces the negative impacts of its operations on the scene by meeting thoroughgoing environmental control, resource protection, together with the restoration of mined land to their original form. Obsidian Energy corporate administration also pledges to ensure all parties with an interest in the company have a clear understanding of the company approaches in legal matters together with operations.

More on: http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy