What happened to Obsidian Energy 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.

What does Obsidian Energy do?

Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.

How much oil does Obsidian Energy produce?

Obsidian Energy announced some strong development results that resulting in its production reaching over 35,500 BOEPD despite 4,500 BOEPD in shut-in production. It also announced a Peace River acquisition that adds 1,700 BOEPD (100% oil) in production and gives it additional development opportunities.