Are you interested in the oil and gas industry? Do you reside in or near Western Canada? If you answered yes to either of the questions, then you’re probably familiar with Obsidian Energy. For those who don’t know anything about this company, then this article should give you a better understanding. Obsidian is one of the premier oiltgf and gas companies in the world, and it sits on very fertile grounds. The company generally produces an estimated 30,000 bbl per day. Obsidian Energy is Calgary’s workhorse in a sense thanks to its efficient production of fossil fuels. The company just so happens to be located in Calgary, Alberta, but it has oil wells throughout western Canada.

 

As stated above, these grounds are very rich in the production of oil and gas. This area of the globe is known as the Western Canada Sedimentary Basin. This extraordinary company has three high-production areas of choice, which includes Alberta Viking, Pembina Cardium and the Peace River Oil Sands. In other words, the Western Canada Sedimentary Basin plays host to one of the world’s biggest reserves of petroleum. Obsidian Energy has an entrepreneurial-spirit, which helps to deliver bottom-line results. Since its inception back in the late 1970s, the company has gone through many changes. Thanks to its brilliant success, the company has equities on the New York Stock Exchange. In addition to that, the company is actually one of the largest companies on the Toronto Stock Exchange. That’s right!

 

Obsidian Energy is being run by David French. This guy just so happens to be the company’s president, and its chief executive office. Even though the company has cut back on its actual physical size, it is still a major producer of oil and gas. The future of this industry is still shining brought and Obsidian Energy is just getting started. Go Here to learn more.

 

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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