Oil and natural gas play an integral role in our lives each and every day. Whether it’s using gasoline to drive your car to work or heating your home with cheap natural gas, petroleum helps afford us modern comforts for the lowest possible price. This is largely thanks to companies such as Obsidian Energy. Obsidian Energy is based in Canada and is a self-described “intermediate-sized oil and gas producer”.
The assets owned and operated by Obsidian Energy produce roughly 30,000 barrels of oil equivalent per day providing much needed fuel to hundreds and hundreds of people who rely on it for a variety of uses. Formerly known as Penn West Petroleum Ltd., Obsidian Energy has improved their portfolio to only include the most profitable and reliable assets that provide steady streams of fuel. Their management team includes individuals which combined have decades of experience and expertise in the oil and natural gas field of the energy sector. A market that fluctuates so frequently requires leaders with a steady hand who are committed to their product and not afraid to endure market volatility at times.
Current President and Chief Executive Officer David L. French has experience leading successful petroleum companies. Prior to his work with Obsidian Energy French successfully grew Bankers Petroleum Ltd. into a thriving Canadian energy business. His past work shows no sign of stopping as Obsidian is already on the right path under his leadership. Their operations span across Alberta and are committed to extracting oil and natural gas in a manner that minimizes environmental impacts and causes the least amount of disruptions to the natural wildlife. Companies like Obsidian Energy realize that their product is doing so much more than just fueling your vehicle, so you can get to work. Oil and gas are used in so many different aspects of our lives from the water bottle we drink out of to the golf balls you and your friends chase around the greens on the weekends. Obsidian is committed to providing their customers with the highest quality oil and natural gas while continuing to operate as efficiently as possible.
View Source: https://www.bloomberg.com/quote/OBE:CN