Obsidian Energy is a mid-sized oil and gas producer. It has a variety of quality assets, with nearly four hundred and seven employees. The company is very much a bottom line results oriented type of company and has developed its portfolio to reflect this, producing nearly thirty thousand boe per day. Obsidian Energy is determined to show its entrepreneurial spirit from the ground up. The company also has a commitment to accountability, which from a shareholder’s point of view is nice to hear. Its discipline and passion for the work is what sets Obsidian Energy apart from its competitors. Find More Information Here.
David French, who recently took over as CEO is responsible for the remarkable turnaround of the company. Obsidian Energy, recently underwent a name change under his recommendation from the old Penn West Petroleum. The name change is to reflect the change of the company internal business structure. The name comes from obsidian volcanic glass once sharpen and honed. Dave French managed to reduce the company’s debts from three billion dollars to just three hundred eighty-four million since he took over as CEO. That is a very impressive example of the determination by David French to make the company as sustainable as possible.
David French had developed a long and disgusted career in the oil industry prior to joining Obsidian Energy. He has served as President and CEO of Bankers Petroleum where he honed his executive skills, but he has held management and consultant positions in the oil industry for some of the other big players as well. He also holds a bachelor’s degree in mechanical engineering as well as a MBA. His knowledge and experience make him the perfect person to head up Obsidian Energy. Then you have the amazing Board of directors, such as George H. Brookman, John Brydson, Raymond D. Crossley, David L. French, William A. Friley, Maureen Cormier Jackson, Gordon M. Ritchie and Jay W. Thornton. Each one of these directors has years of experience and act as a guiding had for the company. With all of this experience and a focus on a sustainable business the future of this company seems to be bright.
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