Obsidian Energy is a midsized energy corporation that provides natural gas and oil to Canada and throughout the world. This enterprise has been in business since 1979. They were formally known as Penn West Exploration Ltd. They changed their name to Obsidian Energy in 2017. Here is some information about this energy producer and all that it has to offer.
Obsidian Energy’s oil fields are located in Alberta, along the Western Canadian Sedimentary Basin. This region is one of the world’s largest petroleum reserves. Obsidian’s oil production comes from three key areas in Alberta: the Alberta Viking, the Pembina Cardium and the Peace River Oil Sands. Obsidian set up operations here as a means to tap into this natural fuel source. Now they help petroleum products to the U.S. and other nations in Europe.
The company uses updated procurement processes to extract various substances such as light oil and gas. These two substances are important fuel sources that powers structures and vehicles. It also helps to light cities, generate heat and to keep society connected.
The company made over $9 billion dollars as of 2017 and its profit margin continues to grow. This organization uses the best practices for fuel extraction. Obsidian uses environmentally friendly techniques to ensure that natural species and plant life is not being destroyed during the procurement process.
Obsidian Energy is a great company that works hard to bring high quality fuel products and services to their clients. The services they provide help industries, governments, businesses and society in general. Obsidian also provides great economic opportunity through their products. Remember that economies are dependent on fuel sources and not just segments of society that needs this resource to operate. Get More Information Here.
Plastics, asphalt, feedstocks and synthetic materials are all made from natural oil. Natural gas is also used for these types of applications as well. Many businesses rely directly (and indirectly) on natural fuel sources to stay afloat. This commodity is essential for growing the economy and for keeping transportation moving along.