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Obsidian Energy for Superior Gas and Oil Production January 25, 2018

If you’re a business owner who thrives on the oil and gas industry, there is a company known as Obsidian Energy that provides these fuels to consumers. Obsidian Energy has been around for well over a decade, and so they have what it takes to provide high-quality products at affordable prices. Obsidian Energy; formerly known as Penn West Petroleum, is based in Canada, but they are able to ship their products all over the world. The fact that you’re able to quickly and easily place an order by contacting Obsidian Energy is by so many people have chosen this amazing option for themselves.

 

Before you make the decision to utilize Obsidian Energy, you might want to check out their site for service products and prices. They will be more than happy to work with you on a budget that you are going to be able to afford. The problem that so many people have is that they do not know where to get their fuel oil from. You might be using a company right now that provides these fuels, but they are too expensive and do not offer same-day or next-day deliveries. If you’ve been having problems with this, it is time to give a Obsidian Energy for yourself. Get Related Information Here.

 

The beauty about Obsidian Energy is their experience and product pricing, making it effortless for you to quickly and easily place an order when it is needed the most. Be sure to check out the Obsidian Energy site to get in touch with them about the different products they have available to you. Once you begin to use a good company like Obsidian Energy, you will be able to get rid of your old agency and go with one that provides better options at even better prices. Next time you find yourself placing an order for fuel and paying too much money, it is time for you to think about choosing Obsidian Energy and making the switch. You will find that this saves you tons of money and provides you with a high-quality fuel that you will notice lasts longer than anything you’ve tried in the past.

 

The company was at the apex of its success and was even among the sixty most prominent firms in the Toronto stock Exchange and was also a Canadian Royalty Trust (CANROY).

 

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

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Obsidian Energy’s New Model January 22, 2018

Obsidian Energy is a Canadian-based natural gas and oil company. Their oil and gas fields are located in Alberta along the Western Sedimentary Basin. For years, it was one of the top 60 largest on the Toronto Stock Exchange and from 2005-2011, it was a CANROY (Canadian Royalty Trust). By January 2008, they reached their peak production of over $9 billion. However, they experienced financial difficulties when crude oil prices fell in 2014. They had to restructure most of their assets and sell the company to reduce their debts. It was originally named Penn West Petroleum; they changed their name to Obsidian Energy in mid-2017.

 

Obsidian currently produces about 30,000 boe on a daily basis. They make sure that they hire only those who share their passion for their mission to produce bottom-line results. They believe in maintaining an entrepreneurial spirit and welcome new ideas from just about anyone.

 

The Peace River is where their cold flow is manufactured. It is also considered to be the joint border between Obsidian and the China Investment Corporation. On average, the Peace River cold flow produces over 4,000 boe on $23 per boe in 235 net sections. See This Page for more information

 

Alberta Viking is Obsidian’s leverage infrastructure. It covers the whole Esther area and produces a mix of light oil and gas.

 

Cardium Waterflood Platform is what Obsidian’s platform is built on. They do their best to keep Cardium high-netback on the light-oil production and on the low-decline. It is also designed to keep low water levels in wells reduced.

 

Obsidian cares about the environment and is committed to resource conservation, meeting all environmental regulations, and maintain stakeholder communication. They also have contact information listed on their webpage that consumers can use regarding any concerns about their impact on the community. They have their own emergency plan involving trained ERP’s and stakeholders.

 

More on: http://boereport.com/2017/06/26/penn-west-changes-name-to-obsidian-energy-ltd-and-announces-voting-results-from-the-2017-annual-and-special-meeting-of-shareholders/

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Obsidian Energy: Leading The Fuel Industry Into Tomorrow December 16, 2017

Our vehicles and assorted machinery all need large amounts of fuel to keep them running at peak efficiency, which is precisely the business Obsidian Energy finds itself operating. The Canadian oil and gas producer is both experienced as well as knowledgeable in the field, having produced fuels at high volumes with great success for what is now several years. The company strives to please both prospective customers and longtime shareholders alike with an informed, yet flexible, operational strategy that aims to keep the business running as smoothly as the vehicles its product fuels.

Things haven’t always been so cut and dry for Obsidian Energy, however. This past June, the company underwent some serious changes: For starters, it changed its name. Previously known as Penn West, the company changed its branding to suit better the service it seeks to provide, as well as to present its operations more accurately. Obsidian doesn’t deal purely in oil and gas: it also produces more modern fuel alternatives, such as natural gas. Ultimately, the name change was met with praise and approval from company executives, employees, and shareholders alike. In addition to its new branding, Obsidian’s stock symbol has become “OBE’.

 

The transformation from Penn West Petroleum to Obsidian Energy has been a challenging journey for the company. It can be seen as a new start of sorts, or a transition into a new era of operations for the business. The reasoning for the change is undoubtedly complex, but it can mostly be attributed to the operation wanting to serve its three most sacred principles better.

 

Those principles are as such: Disciplined technical and commercial decision-making, relentless pursuit of progress, and transparent efforts to appease its shareholders and community. Obsidian Energy has an exceedingly positive outlook in regard to its future, in addition to these positive principles. According to a statement released by BoReport.com, Obsidian Energy is confident it has strong assets with which to proceed in this new space. In addition, they have also developed a prudent hedging strategy that has the potential to yield enormous results, even when operating in low-cost environments. Obsidian was at the apex of its success and was even among the sixty most prominent firms in the Toronto stock Exchange and was also a Canadian Royalty Trust (CANROY).

 

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