Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing around 34,000 boe per day.
Primarily operating in the Peace River, Cardium and Viking areas, our principal business consists of the exploration, development and production of petroleum resources, providing energy to fuel people’s lives. These assets, and the organization we have crafted around them, provide the right platform to deliver bottom-line results, and an entrepreneurial spirit that will allow us to succeed in this evolving industry.
With a proven track record as one of the most efficient companies among our peers, our world-class assets and experienced team continues to deliver value to stakeholders. We are proud of our commitment to practices that include creating a culture where the individual and our communities are valued, and implementing best-in-class governance practices to ensure we are acting in the interests of our stakeholders.
Obsidian Energy is a company based on discipline, relentless passion for the work we do, and resolute accountability to our shareholders, our partners and the communities in which we operate.
Formerly Penn West Petroleum Ltd.
On June 26th, 2017, the Company formally changed its name to Obsidian Energy Ltd. from Penn West Petroleum Ltd. As Penn West, we underwent significant changes throughout the organization, changes that have affected every aspect of our business and have led us to redefine the Company and where and how it grows from here.
We’ve reemerged stronger, leaner and more capable than ever, as we head down this new exciting path as Obsidian Energy.
Links to our current corporate documents:
