Brilliant Days Ahead for Obsidian Energy, Ltd.

The Canadian based oil and natural producer, Obsidian Energy, Ltd., formally Penn West, has remained brilliant and resilient through smart business practices and changing with the times. In western Canada, there lies the West Sedimentary Basin which is approximately 540,000 square miles, one of the world’s largest petroleum reserves, including Alberta, where Obsidian Energy has its wells. The drop-in oil prices from 2014 caused many energy corporations to reinvent themselves. Obsidian has wisely based their new business model, both now and for the future, around discipline, relentless passion, and accountability.


They have invested in some new land, with new wells and all have been productive and profitable even right through this past cold holiday season. Today’s Companies have to look and plan everything about pricing and moving their product line well ahead, looking from four to even six quarters into the future. Petroleum products are transacted on a variety of markets worldwide, so all currencies must be converted and considered to make any investments or returns both visible and actionable. They waste nothing, they account for everything and conduct business in the smartest, most responsible way possible. They are a mid-sized company, producing over 30,000 BOE (Barrels of Oil or Equivalent) per day on average.


The new company, Obsidian, is so named after the naturally occurring glass formed from volcanic activity when molten rock cools quickly. It represents something newly formed from what was. It’s very strong, extremely useful, beneficial, with many applications in the past as hunting and carving tools well as today in the medical field because of its superior sharpness. Obsidian is presently listed on the Toronto Stock Exchange, the TSE, as the symbol OBE.


Obsidian Energy plans to further develop their water-flooding business, as more than half of those assets are not yet near maturity. Water flooding is a secondary recovery practice involving injecting water into an existing well to displace residual oil. Past, present and future investors and shareholders are looking forward to a great percentage of growth during the next four to five years from the company’s present new prospects, practices, and direction. Refer to This Article for related information.




Stream Energy And Coal In The USA

Many people around planet Earth have grown increasingly concerned regarding the detrimental effects that non-renewable petrochemical energy resources have wrought on the third rock from the Sun. Even though they’re readily available and most devices on Earth are already equipped to process them, they’ve been shown to contribute towards man-made climate change.


Stream Energy is one of the many organizations around the planet that is focused on bringing renewable sources of energy to more people than ever before.


Thanks to the help of Stream Energy, renewable sources of energy have been made more readily available. Let’s look at a few statistics regarding the use of non-renewable resources, as compared to better choices to fuel machines and equipment.


The United States’ revealed National Center for Policy Analysis that coal was the number-one source of energy in America, at least in 2012. Just four years later, natural gas took over the energy market as being the most popular.


Hydraulic fracturing and new equipment that helps “fracking,” as hydraulic fracturing is often called, is one of the main proponents behind the rise in popularity of natural gas in the United States of America. Further, the advent of top-tier wind turbine and solar panel technologies have helped harness the power of wind and sunlight, two of the most abundant things on planet Earth.


In 2016, the Clean Power Plan was enacted by the United States government. It reduced the production of coal plants in America by about 13,000 megawatts, which was quite a big blow to coal production at the time. To the joy of companies like Stream Energy, the coal industry didn’t handle 2016’s negative momentum well, and has since continued to tumble.


Who Is Stream Energy?


Stream Energy was formed by a pair of entrepreneurs in 2005, just months after the energy market in the state of Texas was deregulated. This made it possible for Stream Energy and its constituents to begin selling contracts for services like energy, Internet, cellphone service, and more. See Related Link for more information.


Stream sells electric and gas services in seven states and Washington, D.C. In 2015, Stream also began offering mobile phone service, Stream Wireless.


Today, Stream works in more than eight states across the country, and is headquartered in Dallas, Texas.


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