Obsidian Energy majorly operates in the production and sales of natural gas and crude oils. It used to operate as Penn West Petroleum and acquired its new name in 2017. The company was established in Alberta, Canada and has its head offices in the city of Calgary. David French, the president and chairman of the company, influenced the location of the industry to the advantage of his company’s economic activities. See More Information Here.
The change was embraced with maximum optimism, and this encouraged the leaders of the company to strive at delivering better and quality good to their customers.
Additionally, Obsidian Energy used this opportunity to reshuffles its departmental managers and employees with the aim of increasing productivity. The increase in coordination ensured that drilling was done responsibly without causing havoc to the immediate environment. This was only possible because of the improved tools and machines used in the mining of minerals.
As can be expected, Calgary borders the Western Canadian Sedimentary Basin which has been reported to be harboring barrels of crude oil. The availability of resources within the company has helped in subsidizing the production and transportation costs for the company. David French has hence ensured that his employees and contractors are well equipped with the aim of improving and maintaining the operational standards of the company. Consequently, the company managed to be associated with the New York Stock Exchange Market as one of the best companies with the highest number of stocks. Good governance and hard work are the pillars that the company stands on.
This way, Obsidian has attracted many investors worldwide hence increasing the markets for their products. Under the leadership of David French, the company has recorded substantial profit margins probably due to the increase in the assets sales. Resultantly, the Canadian economy has grown in most aspects compared to those of other countries.
Every day Obsidian Energy experience change that contributes to our growth. If we embrace and explore the opportunities that these changes avail to us, then we are destined to greatness. Similarly, Obsidian Energy has walked in these paths to ensure that their operations are of high standards.