Obsidian Energy Ltd.

Obsidian Energy Ltd. is an independent energy company engaged in the exploration, development, and production of oil and gas in the Western Canadian Sedimentary Basin. The company's primary functions involve the efficient extraction and management of natural resources, focusing on enhancing operational reliability and maximizing production output. Obsidian Energy significantly impacts the energy sector, particularly within the regions of Alberta and British Columbia, with a strong emphasis on achieving sustainable operations and maintaining a balanced production portfolio. The company, formerly known as Penn West Petroleum, showcases its commitment to safety, environmental responsibility, and stakeholder value. Obsidian Energy's strategic initiatives are geared towards optimizing asset performance, reducing costs, and effectively managing capital resources, ensuring a stable role in the North American energy market.