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Obsidian Energy: One Of The Top Gas And Oil Producers In Canada

December 19, 2017 No Comments

One of the top gas and oil producers in Canada is Obsidian Energy. Below is information about

 

About Obsidian Energy

Obsidian Energy is an oil and gas producer that is based in Canada. The company was previously known as Penn West Energy Trust, Penn West Exploration Ltd and Penn West Petroleum. The company’s headquarters is located in Calgary and it employs around 250 employees.

 

At one point in time, Obsidian Energy was listed on the S&P/TSX 60, which is a list of the top 60 companies on the Toronto Stock Exchange. Another interested fact about the company is that it once reached market capitalization of around $9.5 billion.

 

As for where the company’s oil and gas fields are located, they can be found in the area of the Western Canadian Sedimentary Basin. This region is where some of the largest petroleum reserves in the world is located. Read This Article to learn more.

 

Management And Leadership

The president and CEO of Obsidian Energy is David L. French. The CFO of the company is David Henry, while the vice president of development & operations is Tony Berthelet. Andrew Sweerts is the vice president of production & technical services, and Mark Hodgson is the vice president of business development & commercial.

 

Name Change From Penn West To Obsidian Energy

In May, news about Penn West wanting to change its name started to make its rounds. The reason why the company wanted to change its name is because the “old Penn West” was no longer being resembled by the company. The name change was eventually approved.

 

Obsidian continues to strive to be the best oil and gas producer in Canada. The company will likely meet and exceed the expectations of its shareholders and customers. If you would like to learn more about the company, feel free to visit their official website.

 

 

Related: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/