Formerly Penn West Petroleum Ltd; Obsidian Energy is an oil drilling company located in Canada. Over the past few years, the company has expanded in various ways. The people who work for Obsidian Energy are excited about the company’s plans for the future. Obsidian Energy focuses on making the oil drilling process more efficient. The leaders of the company want to reduce their impact on the environment. Oil drilling has traditionally hurt the local environment. With new technology options, the drilling process is now much more efficient.
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
Solar power is a huge opportunity over the next few decades. Most oil companies are not making major investments in this industry. The leaders of Obsidian believe that solar energy will become a major part of the company’s plans.
Solar power is a great option for people who want to save money on the cost of electricity. One of the barriers to implementing solar energy in a home is the solar panels. Solar panels are expensive, and few people have the cash to purchase them.
Obsidian Energy is going to offer solar panels to customers in the coming years. With more companies investing in solar energy, customers hope that the overall cost decreases. Even though solar panels are expensive, the cost of electricity each month is reduced once they are installed.
Growth Plans for Obsidian Energy
Obsidian Energy is a dynamic company with plans for the future. The oil industry is still expanding in Canada. Demand for oil has never been higher. More people around the world are starting to drive. A few years ago, Obsidian Energy acquired a smaller oil company in Canada. Purchasing a smaller company is a great way for large oil companies to grow. Working for Obsidian Energy is fun for most people. The company takes care of workers by offering high wages and numerous benefits.