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Obsidian Energy Case Study

Satisfactory Essays

Obsidian Energy is a gas and oil producer of energy. It is located in Calgary, Canada. The company showed increasingly exciting growth in the third quarter of the last year. The CEO David French recently addressed the wells that were discovered in the Rocky Mountains of Western Canada. In that comment, Finch added that there are three million acres of land included in that region. This is encouraging news for the energy community. Obsidian Energy had begun exploration in the area just this past year. The results of that exploration have been promising. So afar three wells have been created that have produced 2,000 barrels of product per day. This equals 60 barrels of energy in the form of oil each day. That has far exceeded the expectation

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