Obsidian Energy Is Committed To The Community & The Environment

Obsidian Energy is an intermediate-sized oil and gas company that produces right around 30,000 boe per day.

 

They have a well balanced portfolio of assets that has positioned them to deliver amazing bottom line results for their shareholders and partners.

 

One of the many things Obsidian takes great pride in is making a positive impact in the communities in which they live and operate.

 

Through their Community Matters program they have made a commitment to conducting business in a very respectful and responsible way. Obsidian understands that businesses operating in this way can avoid potential problems later on down the road.

 

The program was created as a way to remind employees and contractors to always have an open line of communication with area residents.

 

It also helps stress the importance of addressing issues proactively and mitigating the impacts that are often a big part of running an oil and gas operation.

 

Just as Obsidian Energy is committed to protecting the community, they are equally committed to protecting the environment. Their goal is to minimize the impact their operations have on the environment around them.

 

They have several environmental programs in place to ensure the company doesn’t only meet, but in many cases exceeds, the environmental regulations put forth by the government.

 

The environmental programs are also responsible for ensuring adequate communication with stakeholders, proper site abandonment and reclamation practices, and resource conservation.

 

Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.

 

Get Additional Information On This Page.

 

If you live in an area where Obsidian Energy operates, and you have questions or concerns about how the company is operating, feel free to call them toll free at 1-877-454-8844. They can also be contacted via email at stakeholders@ObsidianEnergy.com.

 

Having community and environmental programs in place makes it possible for Obsidian Energy to build a strong relationship with the communities they serve.

 

To learn more about Obsidian Energy and how they are making a positive impact in and on the communities they serve, visit them online at https://www.obsidianenergy.com/community-environment/https://www.obsidianenergy.com/community-environment/.

 

 

 

Read More: https://beta.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/penn-west-shareholders-approve-name-change-to-obsidian-energy/article35463586/?ref=http://www.theglobeandmail.com&

Penn West Exploration Ltd. Re-brands to Obsidian Energy Ltd. to Restore Its Lost Glory

Obsidian Energy Ltd. is an intermediate-sized Canadian company that specializes in the production of oil and natural gas. This company was until 26 June 2017, labeled as Penn West Exploration Ltd. and it is located in Calgary, Alberta. For sometimes, it was ranked among the sixty largest companies at the Toronto Stock Exchange, and as such it falls into the category of S&P/TSX 60. Obsidian Energy remained a Canadian royalty trust (CANROY) between 2005 and 2011 reaching peak market capitalization at the beginning of 2008 with nearly US $9.5 billion.

 

After changing its name, Obsidian Energy has put plans in place to pursue modest growth in the next three years by tightly tying its budget to the oil and gas prices. The process of changing the name of this company was subjected to a vote where 92 percent of the shareholders voted in favor of the name Obsidian Energy. According to Dave French, the Company CEO, the name Obsidian was chosen for this company because obsidian, a naturally existing volcanic glass, can possibly be sharpened and honed.

 

The company was hit by financial hitches in 2014 when the price of crude oil hit a record low. Consequently, the company was severely restructured and the majority of its assets sold to reduce the debt. The oil and gas fields of Obsidian Energy are found in Alberta, and more specifically within the Western Canadian Sedimentary Basin, a region known to be among the largest petroleum reserves in the world. The fields are located in three key areas including Alberta Viking, Peace River oil sands, and Pembina Cardium.

 

In 2017, the total production Obsidian Energy Ltd is estimated to be averaging at 31,000 bbl per day. In early 2008, it paid dividends that yielded an annual rate of 15-16%. Additionally, the company paid out monthly, which is not common with the equities the New York Stock Exchange-listed equities. Because Trust’s assets are always considered to be depletable resource, the dividend payments are taxed as a return of capital and not return on investment. This gives an additional tax advantage to the U.S., and it is the same for all the other royalty trusts.

 

Read This Article to find related information.

 

Visit: http://www.marketwatch.com/investing/stock/obe/news

Obsidian Energy, Ahe Acme Of Oil And Gas Production

Obsidian Energy is a Canadian based company that rebranded from Penn West petroleum on 26th of June 2017. As a result of the changing, the Calgary – Alberta based, mid-sized oil and the natural gas company underwent major restructuring which actually paid off a great deal.

 

The company has its field based in Alberta, which is known for having some of the largest oil reserves in Canada. Some of the areas that the company acquires its oil and gas from include the Peace River Oil Sands, the Pembina Cardium, and the Alberta Viking areas. To date, the oil company has created about 300 jobs and if they keep up with the hard work, the number is highly likely to increase in the near future.

 

In order to ensure that everything is running as smoothly as possible, obsidian has got a team of motivated members in its management. Some of the notable members of the management team include the CFO David Hendry, the CEO and President as well as Vice President Tony Berthelot among others. And with their extensive experience, the management team have managed to make obsidian energy what it is today – a success story.

 

Apart from focusing on the provision of high quality, low-cost fuel to its esteemed clients, obsidian energy has also tasked itself with keeping the environment clean and safe. Through their effective community matters program, they have managed to infiltrate the community through their highly trained employees and discuss on matters affecting the environment.

 

And together, they come up with solutions on how to better the environment. Obsidian Energy also work around the clock to ensure that they are abiding by the environmental regulation policies which include proper site abandonment and reclaiming. They also have a direct email that members of the community can feel free to use if they want to get in touch.

 

And thanks to its high-quality assets and a highly trained, disciplined and focused team, it has managed to get well over 30,000 BOE per day. With this kind of output and clear accountability to its shareholders, Obsidian Energy is sure to have a bright future in the oil and gas business.

 

Read This Page to find additional information.

 

Related Article: https://beta.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/penn-west-shareholders-approve-name-change-to-obsidian-energy/article35463586/?ref=http://www.theglobeandmail.com&