Obsidian Energy is classified as a gas producer of intermediate size. Their portfolio is well balanced, and consists of high quality assets capable of a high rate of production. The company is built on an exceptional platform, an entrepreneurial spirit, and excellent results. Obsidian Energy believes in accountability, discipline, their communities, partners, shareholders, and having a passion for their work.
Prior to June 26th, 2017, Obsidian Energy was called Penn West Petroleum Ltd. The changes the company went through affected the entire business, and led to the name change to redefine the company. Obsidian is more capable, leaner, and much stronger as they embrace the future. Their gas, and oil fields run along the Western Canadian Sedimentary Basin in Alberta. This area has one of the biggest petroleum reserves in the world. The production comes from the Alberta Viking, the Peace River oil sands, and the Pembina Cardium.
Obsidian Energy has made a commitment to positively impact the communities in which they live, and serve. This is enforced with the Community Matters program to conduct operations with responsibility, and respect. This program additionally serves as a reminder for contractors, and employees to achieve open communication with the residents of the area, be proactive in addressing concerns, and mitigate any impacts associated with the operations of gas, and oil.
Obsidian believes all operations impacting the environment must be minimized. Their environmental programs either meet, or exceed all regulations regarding the environment, resource conservation, the proper practices for reclamation, and abandonment, and encompass communication with stakeholders.
Safety is integral in the activities of Obsidian Energy. Their programs protect their employees, the company, the environment, the public, fellow workers, families, and friends from serious accidents. Obsidian Energy consistently improves safety programs, standards, awareness, training, and the safety of contractor’s employees, and their employees is incredibly important. All legislative requirements regarding safety programs, procedures, and polices are met, or exceeded by Obsidian Energy. Any serious incident, or injury is reported, and investigated. Every contractor, and employee takes responsibility for safety policies, and compliance as mandated by the company. All jurisdictional regulations are enforced. Go To This Page for more information.