Obsidian Energy Limited is a natural gas and oil production company that is found at Alberta in Canada. The company was previously known as Penn West Petroleum Limited, but it changed its name to Obsidian Energy Limited. The relevance of this was to show that the company was ready to be honed and sharped just like when an obsidian glass gets formed through a volcanic act. The name got changed after the concerned shareholders approved the act.
Since the company rebranded itself, it has undergone considerable positive and tremendous change. For example, it can now fund growth platforms, has a new management that is competent to guide the company growth, it has the right hard-working people that possess the company’s assets, and still, it has revised its procedures and policies so that it can it fulfill its needs. After rebranding the company has concentrated its development to Alberta alone compared to Penn West which had focused on having assets throughout the four provinces of Canada. The group is enthusiastic to achieve its goals and bear relevant results. It is also led by an intention and purposes to learn and act accordingly to continue growing commercially and even technically.
The company has a team of management that has excellent knowledge and experience in ensuring that the company achieves its goals. This group comprises of David French who is the chief executive officer and also the president. David joined the company in October 2016. Being a bachelor’s degree holder from Rice University and a master’s degree in business administration, David has all it takes to make Obsidian achieve its goals. He has worked in other big companies Bankers Petroleum Ltd where he served as the president. As a result, this has enabled him to gain the relevant skills and experiences needed.
Obsidian is also committed to making sure that it conducts its operations responsibly and respectably to minimize its impact on the environment. Due to this commitment, they have set an email and free toll number to allow the community to communicate any concerns concerning its operations. It also has programs that aim at maintaining the environment.