Insightful Facts About Obsidian Energy

Obsidian Energy is a Canadian oil and gas producing company. The company previously known as Penn West Exploration Ltd is based in Calgary, Alberta. This region is along the Western Canadian Sedimentary Basin. It’s among the most significant petroleum reserve in the world. Production is done in three areas in Alberta which include Peace River Oil Sands, Pembina Cardium, and Alberta Viking. It has been the sixtieth largest company on the Toronto Stock Exchange for a while.

 

The company has a significant number of employees. It has set-up several sub-stations that have eased the access to energy services. It has also improved the living standards of the society due to the accessibility of sustainable and affordable energy resources. The company also offers their products like energy appliances and devices in installments. By expanding their services widely, it has helped the low-income buyers to access their products in installments.

 

Obsidian Energy has a competent research team that researches on advancing technology. The company also allows other researchers and investors to do their own research and their findings have guided the company in creating innovations, efficient use of technology and attaining a green economy.

 

Health and Safety

 

Obsidian Energy is keen on environmental conservation by creating an environment for its residents that is free and safe from pollution. The company has helped Canada to achieve a green economy as it produces natural and renewable energy. It has also reduced the number of carbon emissions and other harmful elements to the atmosphere. It also carries out resource reservation, land reclamation and proper site abandonment intending to conserve the environment.

 

Obsidian also values the safety of its employees and their families as well. They have an emergency response plan that is swift in responding to emergency situations occurring during the company’s operations.

 

Conclusion

 

The Obsidian Energy Company has established excellent standards for other oil and gas companies. It has generated significant revenue for Canada as well as improving the lives of people. The company has attracted investors globally who have further enhanced the value of the company. It has also received significant awards due to its exemplary achievements.

 

View Source: https://en.wikipedia.org/wiki/Obsidian_Energy