Obsidian Energy Helps Canada Produce Its Own energy

Energy is the lifeblood of a country’s economy. And a country who has to rely on energy imports is at the mercy of the seller. Thanks to the hard work of Obsidian Energy, Canada has been able to experience a level of energy security which has become the envy of other nations.

 

Based in Calgary, Alberta, Canada, Obsidian Energy employs over 300 energy drillers, producers and executives who produce about 31,000 barrels of oil or the energy equivalent per day. This type of production has helped Canadians enjoy energy at a lower price than those who have to rely on imports from far-flung countries.

 

Obsidian Energy was founded in 1979 when it was then known as Penn West Exploration Limited. In the several decades since, the company has grown rapidly to become a member of the S&P/TSX 60 at its peak in 2008. Today Obsidian is continuing to produce thousands of barrels oil and gas while running a leaner and stronger operation.

 

Obsidian Energy runs three major operations in the Alberta Providence which employs hundreds of local drillers and other energy experts. Located in Alberta, the Peace River Oil Sands operation which produces 4,823 boe per day with a netback of $23/boe. Just west of Edmonton is the Pembina Cardium operation which produces 18,876 boe with a netback of $20/boe. Finally, there is the Alberta Viking operation producing 1,766 boe with a netback of $22/boe.

 

Led by a team of dedicated managers, Obsidian Energy has a team of energy experts with decades of experience in the oil and gas space. President and Chief Executive Officer David L. French has worked at some of the largest energy producers before joining Obsidian in October 2016. And Vice President of Development & Operations, Tony Berthelet, has almost two decades of energy experience in North America as well as South America, Russia, and the Middle East. Go Here for additional information.

 

From management to field operations, Obsidian Energy is helping Canada become more energy sufficient while employing hundreds of Canadians in well-paying energy jobs. Looking forward, Obsidian Energy will continue to become a force in the oil and gas sector.

 

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Obsidian Every Is Moving Forwards

In the oil and gas industry, there are many competitive companies that are trying to get the customers that they need in order to stay in business. For many of them, they need to look at what they are doing in order to create what they want.

 

One company in the field that has already done that is Obsidian Energy. Obsidian Energy was once Penn West Petroleum Ltd. When they name changed, so did the way that they handled their business. They are more determined than ever to acquire more business.

 

They are one of the top 60 companies on Canadian Stock Exchange. This is good news for them because they do have good assets and a great portfolio, which makes them desirable. They are located in Alberta, Canada. This is in the western part of the country where they have a lot of oil wells.

 

The workers at Obsidian Energy are dedicated and professional. They want to see their company succeed in all that they do. Their goals are the same as the company. They want to acquire more and more business and become a key player in the oil and gas industry. Since they have the abilities to do so, they should see their success in a very short time. Go To This Page for additional information.x`

 

In the future, Obsidian Energy should see a rise in their customer base. They will get the needed exposure that they wish to have. Since they are able to get the word out, they will find that more customers will be attracted to their business acumen. This will bode well for them, and they will see an increase in their business. This is what they want because they want to be one of the leaders in their industry. In all ways, they are going to make sure that this happens for them.

 

See: https://www.bloomberg.com/quote/OBE:CN