What is Penn West Energy Trust mean? Obsidian Energy Ltd. (previously known as Penn West Exploration Ltd., Penn West Petroleum and Penn West Energy Trust) is a mid-sized Canadian oil and natural gas production company based in Calgary, Alberta.
For a while it was one of the S&P/TSX 60, the sixty largest companies on the Toronto Stock Exchange. From 2005–2011 it was a Canadian royalty trust (CANROY), and reached a peak market capitalization in January 2008 of approximately US $9.5 billion. In the 2012 Forbes Global 2000, Penn West Petrpoleum, Obsidian Energy's predecessor, was ranked as the 1086th largest public company in the world.
The company experienced operational and financial difficulties when crude oil prices fell significantly in 2014. As a result, the company underwent a significant restructuring with the majority of the assets sold over the next two years to reduce debt.
Obsidian's oil and gas fields are located in Alberta, along the Western Canadian Sedimentary Basin, a region which is one of the world's largest petroleum reserves. Production comes from three key areas in Alberta: the Pembina Cardium, the Peace River oil sands, and the Alberta Viking. Total production in 2017 is expected to average approximately 31,000 bbl equivalent per day.
On 26 June 2017, Penn West Petroleum changed its name to Obsidian Energy.
reference | Full Form | Category |
| Penn World Table, Center for International Comparisons of Production, Income and Prices, University of Pennsylvania | Academic & Science |
| Penn World Tables | Academic & Science |
| Bremerton (wa) | Airport Code |
| Pacific Western Technologies | Business |
| Pure Water Tester | Business |
| Park World Tour | Business |
| Personal Work Time | Business |
| Penn West Energy Trust | Business |
| Product Walk Through | Business |
| Program Work Team | Business Management |
| Park Walking Trail | Community |
| Poor White Trash | Community |
| Personal Wireless Telecommunications | Computer and Networking |
| Point Well Taken | Computing |
| Page Write Through | Computing |
| Pocket Word Template | Computing |
| PANDAINU | Cryptocurrency |
| Hotdog Pagewiz Template | File Type |
| Microsoft Pocket Word Template File | File Type |
| Autodesk Autocad Publish-to-web Template | File Type |
| Penn World Table | General |
| Pro Wakeboard Tour | General |
| Pro Wake Tour | General |
| Prefabricated Wood Truss | General |
| Permits With Transportation | Governmental |
| Pure Water Test | Military and Defence |
| Particle Wave Technology | Physics Related |
| PennyWeight | Regional |
| Bremerton National Airport, Bremerton, Washington USA | Regional |
| Personal Webtutor | Softwares |
| Professional Walleye Trail | Sports |
Posted on 24 Sep 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.