Obsidian Energy Ltd. Common Shares
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About
Obsidian Energy Ltd. Common Shares (OBE) is an oil and natural gas company headquartered in Calgary, Canada. It works in the exploration, development, and production of hydrocarbons, with operations focused on Western Canada. The company is known in the Canadian energy sector under its current name, which it adopted in June 2017 after previously operating as Penn West Petroleum Ltd.
The business is built around a portfolio of producing properties in the Western Canadian region. These holdings include both unitized and non-unitized assets and span a mix of resource types, covering light oil, heavy oil, and natural gas production. By holding a range of property types, the company can draw on different reservoirs and product streams rather than depending on a single field or commodity.
As a producer, Obsidian Energy Ltd. earns its revenue by extracting oil and natural gas and selling that output. The exploration and development side of the work supports the production base over time, as the company looks for and brings on new volumes to add to or sustain its existing operations. Its concentration in Western Canada places it within one of North America's established energy producing areas, where it competes alongside other operators developing similar light oil, heavy oil, and gas resources. The combination of varied property interests and multiple production streams shapes how OBE operates, with results tied to the volumes it produces and to broader conditions in oil and natural gas markets. The company's long history in the region, including its former identity, reflects an established presence in Canadian upstream energy.