Category: Green Energy

Obsidian Energy Is Rapidly Becoming A Household Name In Canada

There are many companies out there to choose from when it comes to energy supply and this is especially true in Canada these days. The level of competition for oiling in Canada is very high these days, which is partly due to the high concentration of oil reserves that are within the country. Obsidian Energy is currently making their way through the industry and climbing the ranks as one of the most respectable energy companies to date. Not only does the company work to improve their drilling methods to help keep the environment clean, but they also aim to provide cleaner energy solutions to their clients in the coming years. This is mainly through solar power, which is quite expensive still for the average consumer.

As it stands, being a medium-sized company in the oiling market, Obsidian Energy formerly known Penn West Petroleum opened for business in 1979.Produces roughly 30 thousand bbl each day to provide a constant supply to their customers. Even as a company that stands in the middle of the market, they have a company value of more than nine billion dollars.

There are many other oil companies that try to enter the market and fail because they are simply trying to cash in and do not diversify or aim to improve the industry in any way, which means they are dropped and go unnoticed. See This Page for additional information.

Obsidian Energy was not always known as such either, only just receiving the name change back in 2017. This name change reflects the changes the company has endured and the values they hold to the industry. Obsidian Energy‘s president, Devid French, says that the name change has helped build a new image for the company and allows them to represent what they do best in the market, adapt. Since first joining the company as CEO in 2016, David French has managed to keep Obsidian core values the same and provide dependable service to customers all over Canada.

 

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