If you are in need of high-quality fuel, you might want to consider the company known as Obsidian Energy. Obsidian Energy has been a wonderful option for a lot of people, allowing them to quickly and easily get the fuel that they need. The reason a lot of people have made the decision to use this company is because of the quality of the fuel that they are buying. 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). Once you make the decision to use Obsidian Energy, you’re going to notice that it is a whole lot different than anything else you might have had in the past.
One of the things that sets Obsidian Energy apart from so many of the other companies is the price involved. Unlike other companies that might be too expensive for your needs, Obsidian offers affordable rates. This makes it effortless for you to buy what you need and know that you are choosing something that is essential for what you require. This makes Obsidian Energy a prime choice for people who either have businesses or homes that they need to fuel with this type of oil or gas. If you need more information on Obsidian Energy, be sure to contact them and see what they are able to do for you and your home or business.
Now that you know the importance of choosing Obsidian Energy, it is time for you to think about ordering the fuel that is right for you. There has never been a better time for you to make use of Obsidian Energy than right now, as it is a company that you are going to find to be highly beneficial in what you need. This is why it is a good idea for you to utilize this as an option for yourself and contact them if this is something you’re going to want to make use of for yourself. Be sure to contact Obsidian Energy if you need additional information on the fuel that you require so that they are able to ship it out right to your home or to the business you operate. Click Here for additional information.
Obsidian Energy is a large Canadian gas and oil producer specializing in superior-quality products at affordable prices. They ship their products all over the world, which is essential for keeping things running. The problem that a lot of people have with average fuel companies is that it can be expensive to try to get the energy products that they need. This is an issue if you’re running your own company but want to keep costs to a bare minimum so that you do not scare away clients. This is why more and more people are choosing Obsidian Energy for themselves and finding this company to be a great option for themselves.
If you would like more information about Obsidian Energy and how they are able to work for you, it is time for you to give them a call or visit their site. They will provide you with fuels that are low-cost and effortless for just about any type of budget that you may have at the moment. Now that you know how important it is for you to make use of a good company, Obsidian is there to provide great products at affordable rates. This is why a lot of individuals are finding this company to be the best choice for themselves. 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).
There are a lot of fuel and oil companies out there, but they can sometimes be a problem when it comes to getting your products at affordable rates. This is the reason Obsidian Energy has been as popular as it has been since its inception many years ago. Obsidian is a company you can trust because of the high-quality products that they offer and the prices that they charge. You will never feel like you are spending too much money on items just to be able to run and operate the company of your choosing. You can get great products without the issues that come along with trying to find something you can afford, as this is a way for you to keep your prices as low as possible as well when working with customers.
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Obsidian energy is a midsized company that deals with the production of oil and natural resources. It was formerly known as Penn West Exploration Limited before it was renamed obsidian energy limited following a resolution by shareholders to effect the change with a support of 92 percent on 26th 2017. The name originates from a naturally occurring volcanic glass. It will come with symbol change, which will be replaced by ‘OBE’ on the stock exchange markets.
The company’s headquarters is located in Albert, Calgary, which is in one of the largest petroleum reserves in the world. It has undergone significant restructuring following operational and financial changes over the past few years such as accounting irregularities. Besides, Obsidian Energy, according to its chief executive officer, is to be guided by three principles;
- Disciplined commercial and technical decision making to protect the enterprise value
- Transparent and accountable efforts with partners, shareholders and the community in which they operate
- Steady pursuit of progress and innovation
Obsidian Energy’s oil and natural production company currently have about 300 employees led by David L. French who is the company’s chief executive officer since October. The daily production is about 28, 000 barrels of oil from the previous 135,000. The company has narrowed its production areas from about 30 to four with the aim of increasing its profitability. Obsidian Energy has also managed to reduce its net debt from $3 billion in 2013 to 384 million this year. Obsidian Energy undertook several measures such as selling off assets to manage this debt reduction resulting at the end of the lawsuits and scandals that had characterized the company. It announced $8.5 million reimbursement with the Securities and Exchange Commission in the US. Obsidian Energy also suspended the payment of dividend to the shareholders and also cut down the compensation for the board of directors. Obsidian Energy is expected to perform better if the third quarter results and 2018 budget is anything to be put into consideration. The chief executive officer, David French, promised a bright future of the company during an interview with the Toronto stock exchange noting that the future of Obsidian is bright.
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Formerly known as Penn West Petroleum Limited, the company redefined by formally changing to Obsidian Energy Limited in 2017.Obsidian Energy is an oil and gas producer with a tremendous portfolio of quality assets. Obsidian’s Oil and gas fields are situated in Alberta, an area globally known for its large petroleum reserves. The product is extracted from Pembina Cardium, Peace River oil sands, and Alberta Viking.
The company has a higher commitment towards ensuring minimum impacts of its operations to the environment. Obsidian Energy has a program which focuses on going past environmental regulations adhering to necessary site reclamation and abandonment Obsidian Energy’s sole mission towards the environment is to carry out its activities peacefully and responsibly emphasizing to the employees to address concerns from the area with diligence.
The company has the commitment to uphold the safety of its employees and contractors. This is made possible by instilling safety principles including safety policies and procedures, compliance with those policies and procedures and many others. Towards its commitment to safety, Obsidian Energy has an emergency response plan to counter any emergency related to its operations. The emergency plan also undertakes community awareness to enlighten the community how to respond in case of an emergency. Click Here For Related Article.
In the Alberta Viking, Obsidian Energy possesses a leading and ownership of the whole Esther area. The area has a combination of light-oil and gas plus shorter cycle wells to complement activities in Cardium. The Cardium is the pioneer of the foundation with high light oil production. Waterfloods increase the production and recovery rates in the Cardium. Peace River is a joint between Obsidian and China Investment Corporation. The venture has massive production of the precious commodity.
Mr. David L. French is the president and Chief Executive Officer of Obsidian Energy. He had previously served as the president of the Bankers Petroleum Association with its operations in Europe. Mr. French had led the tasks and growth of the business during the time he had served. Also, on the list of his management team includes David Hendry who is the Chief Financial Officer and many others.
The history of Obsidian Energy Ltd can be traced back to 1980 after the amalgamation of a couple of small firms that had been formed to operate within the tough oil and gas sector of Western Canada. In the years that followed, the company witnessed significant growth by acquiring both producing and non-producing oil and gas properties.
The recently renamed midsized Canadian Oil and natural gas production firm is located in Calgary, Alberta along the Western Canadian Sedimentary Basin. The region is known for having the most significant petroleum reserves in the world. The company relies on production from three key areas namely Alberta Viking, the Peace River oil sands, and Pembina Cardium.
In the past, Obsidian Energy was known as Penn West Exploration Ltd, Penn West Petroleum, as well as Penn West Energy Trust. The management announced the change of its name to Obsidian Energy Ltd in June 2017, effective immediately. According to the chief executive officer, Dave French, the firm settled on the name because the volcanic glass occurs naturally and allows sharpening and honing.
Following the change of name, the company’s stock symbol both on the New York Stock Exchange and Toronto Stock Exchange will be replaced with ‘OBE.’ 92 percent of the shareholders voted in favor of the name change. However, the management did not expect the shareholders to make any adjustments due to these changes.
Obsidian Energy Ltd plans to seek modest growth for the next three years. Its spending budgets are strictly tied to the oil and gas prices. Obsidian is committed to implementing enhanced oil recovery techniques at all times in all the core areas of operations. It relies on Water Flood as the primary technique because it allows the extraction of hydrocarbons – something that wouldn’t have been possible if the conventional central methods of production were used.
The company is also evaluating other useful production techniques such as steam injection methods (like cyclic steam stimulation and steam assisted gravity drainage) and carbon dioxide miscible flooding. The application of improved recovery methods of production permits the firm to increase reserves as well as output from the prime, conventional and gas properties that make up a considerable part of its asset base. Refer to This Site.
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