The Makeovers And Success Story Of Obsidian Energy

On hearing about the Obsidian Energy, our psychology is often likely to shift into the Penn West Exploration Ltd. The availability of such a confusion should be dealt with accordingly through having a fundamental that they refer to the same thing. However, it was initially Penn West, but as a result of the various transformations, the present name is Obsidian Energy. The organization was renamed in June 2017. At the time, there existed certain restructuring within the firm. The executions were under the supervision of David French who is the firm’s chief executive officer in combination with the involved stakeholders.

 

Over time, the firm has passed through several levels starting from the time that the reformation which included renaming into the latest name took place. Obsidian Energy induced a remarkable transformation characterized by separate missions as well as visions meant for attainment. This demanded a lot of combined efforts between the stakeholders and the employees as a measure to enhance the company’s growth. It is worth noting that the firm attainments from that time onwards has always been for the better. Obsidian’s determination has made it continually stronger in the advancement of positive expectations.

 

Additionally, worth appreciation is the leadership that the firm has. This is evident through the availability of a president that has high expectation concerning the company targets and goals. His consistency in serving at the company is behind his understanding that the company will soon expand to offer its services both regionally and across the globe. In the course of the restructuring procedure, three key aspects were outlined to enhance the administration and governance of the firm. They include the enhancement of accountability, the particular efforts as well as the effortful pursuit of both creativity and development. Visit This Page for additional information on Obsidian Energy.

 

It is through the assurance of David to the investors that there exists no fear regarding investing in the firm’s development. The reason is that already undergone growth to gain reliability in the firm’s production. The implication is therefore that no one is deterred from looking into them. Obsidian Energy previously acquired experience and resilience from their encounter of challenges over time in the course of their operation.

 

Learn More: http://www.ogj.com/articles/2017/05/penn-west-petroleum-moves-toward-changing-name-to-obsidian-energy.html