Obsidian Energy was formerly known as Penn West Petroleum Ltd. This company has achieved stability by developing a good portfolio with valuable assets. These assets produce about 300,000 boe every day. The well-balanced portfolio plays a major role in delivering the expected results.
Obsidian Energy has cultivated a spirit of entrepreneurship. This culture will inspire success in this very dynamic industry. The team working for Obsidian Energy is driven by passion and discipline. The company also operates with high levels of accountability, especially to shareholders.
On June 2017, the company changed its name from Penn West Petroleum Ltd to Obsidian Energy. The change of names was as a result of the transformation going on. Significant changes were made that entailed enhancing and advancing the company. The changes carved out a path of how the company is going to grow. After the overhaul, the company has witnessed more capability and strength.
The current president of the company is David French. He is the one who oversaw the transformation experienced when the company changed its name. He joined the company in 2016, and since then Obsidian Energy has been moving forward. His capability to drive Obsidian forward is from his experience. Before he joined Obsidian, French had worked for another petroleum company. He led it successfully until he came to Obsidian Energy.
Mr. French does not lead alone. He has an able team of executive managers with diverse professionalisms. Together, they strive to ensure Obsidian Energy is operating at the expected levels. This team of leaders has a big responsibility of maintaining the pace the company has. Also, they are required to achieve higher heights than the present ones. See This Article for additional information
It has only been several months since the company underwent the overhaul. Shareholder, partners and the community are all waiting to see the results. The team has an obligation of ensuring that the change has made a difference. More productivity is expected and increases in value. Since Obsidian is being driven by the right culture, philosophy, and values. We are positive it will continue realizing success and achieving more as time goes on. We are positive that the future is promising.
Currently, 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).