Penn West was recently renamed Obsidian Energy, and the company is looking to grow itself over the coming years by improving its offerings and maintaining a transparent model of running its business. The shareholders of the company were overwhelmingly in favor of the name change, and a vote revealed that more than 9 out of every ten shareholders were ready to move forward with the company’s new mission under its new name. The name came from the fact that obsidian is glass that occurs naturally in volcanoes that can be made sharp. Obsidian Energy is expecting to do the same with its own company by making it better in many different ways.
While Obsidian Energy is a mid-sized oil and gas company that is based in Canada, it is looking to become as efficient as possible with its offerings. It’s gas and oil fields are found in Alberta, Canada in a part of the country that is home to our planet’s largest reserves of petroleum. They are located, specifically, in Alberta Viking, Peace River, and Pembina Cardium, and, together, they produce roughly 31,000 bbl every day. With these assets in place, the company is building their everyday operations around them, and its entrepreneurial model of business is helping them to connect with new customers and revenue streams of income on a daily basis. Find Additional Information Here.
Obsidian Energy has set a precedence within its own framework to ensure that it does all of its business with its shareholders in mind. This means that the company makes clear its policies and regulatory compliance expectations and offers its contractors as well as its employees all of the training and education they need to be able to follow the codes of conduct and rules set out before them. Obsidian Energy ensures that its workplace is safe and that it always follows procedures to protect the environment of the communities that it works in. To make sure that everyone is on the same page in the company, Obsidian has a Code Of Business Conduct and Ethics manual that outlines exactly what it expects of itself and what it expects of its employees and business partners.