One of Canada’s leading oil and gas production companies, Obsidian Energy is headquartered in Calgary, Alberta. Founded in 1979, and previously known as Penn West Petroleum Ltd., the intermediate-sized Obsidian Energy currently produces approximately 30,000 Barrel of Oil Equivalents per day.
Obsidian Energy concentrates most of its operations in the oil-rich Western Canadian Sedimentary Basin in Alberta, Canada. The Alberta Viking, Peace River and Cardium areas are where the bulk of the company’s operations take place.
In the Cardium area, this forward-thinking company is building a waterflood platform that can help to boost the rates of production and recovery. By maintaining reservoir pressure throughout the entire production process, new wells experience lower rates of decline. Obsidian Energy is now the largest company of its type working in the Cardium area.
In the Peace River Oil Sands area, Obsidian Energy is in a mutual venture with another corporation to manufacture cold-flow production. The partnership holds a large inventory of resources that they have already de-risked.
A combination of gas and light-oil is plentiful in the Alberta Viking region, and Obsidian Energy maintains a large structural presence there. In the Alberta Viking region, the company utilizes shorter-cycle wells, in conjunction with its longer-cycle work in the Cardium area.
Dedicated to producing a minimal impact on the environment through their operations, Obsidian Energy features a Community Matters program that keeps lines of communication open between the company and area residents. Refer to This Page for additional Information about the company.
The environmental programs carried out by Obsidian are set to high standards, and include resource conservation, and safe site abandonment and reclamation methods.
As a community-minded company that promotes safe workplaces that are environmentally sustainable, Obsidian Energy maintains a consistent focus on striving for excellence. This growing company has an impressive portfolio of attractive assets, and a keen eye on the future.
Check out their page on: https://www.obsidianenergy.com/