Obsidian Energy is an emerging Success in the Canadian oil and gas industry with a production capacity of 30 000 barrels every day. The company has an impressive financial portfolio and assets of high value. Indeed, judging from the combination of the quality of the assets, coupled with the impressive financial portfolio, the company has the requisite ingredients for quick growth. Obsidian Energy points to its commitment to discipline and passion for what they do. It offers a strong promise to its current and future shareholders of an organization that seeks nothing short of excellence in its business operations. It also assures the stakeholders of absolute accountability.
The Evolution of Obsidian Energy
The company was rebranded from its old name Penn West Petroleum. The rebranding was meant to signal a new set of objectives and focus on the company. It is also a signal of the evolution that the organization has gone through over the years. The company is now a much steadier entity in the oil and gas industry. That is why; the management and shareholders have agreed to play a more active role in the growth of the communities in which it operates. Indeed, one cannot ignore the role of CSR in a world that has come to judge the corporate sector by its commitment to the development of the communities from which it harnesses its resources, profits, and manpower. Obsidian Energy launched its Community Matters Program as its carrier channel for responding to the needs of the community and a vessel for the pursuit of community development. The program included structures that allow for free an exchange of information between the company and the residents of the areas where it operates. There is an elaborate mechanism to address any issues that might arise in the said communications. Primarily, the company seeks to proactively deal with problems that might arise from the gas and oil exploration activities by the organization. See Related Link to learn more.
Reassurance from Obsidian
Obsidian Energy is committed to making sure that there is as little negative impact as possible that can emanate from their oil and gas exploration. Indeed, the company has a program aimed at exceeding the existing standards for environmental conservation and safety regulations. Obsidian Energy believes that such a feat is only possible if stakeholders and communities within the areas that it operates are brought on board for an open conversation and sharing of ideas. That is also why it has set up the Community Matters Program.