Obsidian Energy is a Canadian oil and gas producer with a sound portfolio of assets. The company produces close to 30,000 boe per day. As such, the company produces expected results. The company also has an entrepreneurial mindset that looks to successfully position itself in an oil and gas industry that constantly changes.
After having changed its name from Penn West Petroleum Ltd, the company has undergone a number of changes that made it more competitive. These changes occurred throughout every aspect of the company’s business. As a result, the company feels that it is better positioned to compete in the marketplace. Obsidian Energy bases its operations on the following.
- Health and safety is an integral part of Obsidian’s mission plan. The company is very much aware of the environment and the need to protect both human and animal life. This includes employees, contractors, and the public as well. People and companies can avoid serious accidents with proper safety protocols in place.
- Community/environment considerations lead to conducting operations that are responsible, and that service citizens and environmental causes. Obsidian Energy adheres to all relevant safety and environmental regulations. When the company abandons sites, they also adhere to the proper reclamation procedures.
Present operations include Peace River Oil Sands, building a Waterflood Platform, and Alberta Viking. The business incentives surrounding the company’s operations provide the right platform for the company to deliver results beyond expectation. As such, Obsidian Energy embraces a powerful entrepreneurial spirit that enables the company to make progress in a highly competitive industry.
Oil and gas have a direct impact on the world’s domestic economies. Oil and gas are also important to the United State and its position in the world. Oil and gas are essential to the world’s health. This makes company’s like Obsidian Energy completely relevant and essential for the nation’s economy. See This Article for related information.