Company Info
Obsidian Energy Ltd. is a Canadian oil and natural gas production company based in Calgary, Alberta. The company was formerly known as Penn West Petroleum and underwent a rebranding in 2017 to signify a new strategic direction and revitalized corporate vision. Obsidian Energy focuses primarily on exploiting its portfolio of high-quality assets in the Western Canadian Sedimentary Basin, with a particular emphasis on its light oil and natural gas properties. The company's operations are characterized by disciplined financial management, operational excellence, and a commitment to environmental, social, and governance (ESG) principles. Obsidian Energy aims to deliver sustainable value to its shareholders while maintaining a strong balance sheet and adhering to best practices in corporate governance and environmental stewardship.