Stream Energy Starts New Philanthropic Branch Of The Business

The staff at Dallas, Texas, based Stream Energy have always been concerned for the welfare of those in their surrounding communities. So much so that Stream Energy has founded a separate philanthropic organization for all of the volunteer work that they perform yearly. Stream Cares works with several organizations throught Texas to help those in need.

 

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For example, Stream Energy has a long standing partnership with the Habitat for Humanity and the Red Cross. Stream staff donate hours to help build houses and raise money when the need arises. When Hurricane Harvey dropped 56 inches of rain across Texas, displacing residents and threatening homes and lives, Stream was one of the first companies to step up to the recovery challenge. Staff members regularly donate their time and ability to raise money for different organizations.

Another example of partnerships formed is the relationship between Hope Supply Co. and Stream Cares. Hope Supply Co. has been working with Dallas at risk youth supplying them with clothing and school supplies to support their acedemic learning. Recently, Hope Supply Co. teamed up with Stream Cares to send 1,000 homeless children for a day of food and fun to area water parks. Stream Cares mentors were on hand to make sure the kids were safe and well provided for.

Stream Cares works with many other different organizations such as Operation Once In A Lifetime who support Armed Forces Veterans and their families, providing financial and mental support services. Last Christmas the two organizations worked together to provide an afternoon holiday bbq dinner and a special event for the Servicemen’s children.

These are just several examples that the staff at Stream Energy work on after their workday ends. Stream Energy is a direct selling company that offers energy services as well as phone, internet, security, and telemedicine services. To read more about Stream Cares and their philanthropic endeavours please click here.

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Obsidian Energy Path Of Evolution

Energy is one of the significant concerns globally and with industrialization came a big market and demand for it at every corner of the world. As a result, many energy sources continue to get discovered with time. Discovery of gas and oil played an essential role in the development of human life they are used as diesel fuel, asphalt, electrical power generation, industrial use, vehicle use and residential use just to mention a few. These natural resources need to be refined and processed before getting to the consumer. A well-known company for oil and gas processing is Obsidian energy ltd previously known as Penn West Petroleum Ltd.

 

Obsidian Energy Ltd is a Canadian company that produces gas and oil located in Calgary, Alberta. The company owns quality assets including wells of oil and gas distributed in western Canada. These assets create a platform for Obsidian to provide quality products and services to customers’ as well good business spirit within the company. With such valuable assets, the mid-sized oil company’s growth and success is a guarantee. Obsidian Energy’s oil fields are located in Alberta, along the Western Canadian Sedimentary Basin. This region is one of the world’s largest petroleum reserves. Obsidian’s oil production comes from three key areas in Alberta: the Alberta Viking, the Pembina Cardium and the Peace River Oil Sands.

 

The Chief executive officer Mr. David L. French is a highly experienced and skilled man that is driving Obsidian Energy to its full potential. Since he joined Obsidian in 2016 October, David has made changes in Obsidian that are essential for its growth and success. He previously worked as a CEO of Bankers petroleum ltd where during his tenure, he managed the firm and its commercial development productively. David has exceptional experience in finance, policy-making and management skills. He attended Rice University for his Bachelors in Mechanical Engineering and Harvard Business School for his MBA. Mr. French is evidently well qualified for his post in Obsidian Oil Company, and with him the future of Obsidian is bright. Visit This Page for additional information.

 

Obsidian has based itself on core values that propel it to perform remarkably; this includes persistent passion, discipline, accountability and transparency to their partners, shareholder and societies in which they operate.

 

Obsidian Energy has not only rebranded itself but also has made necessary changes within its organization that has equipped it with higher potential for growth than ever.

Related: https://www.bloomberg.com/quote/OBE:CN

Obsidian Energy: Extracting Petroleum from the Western Canadian Sedimentary Basin

Obsidian Energy, known previously as Penn West Petroleum, has a large deposit of oil and petroleum wells in the northernmost part of Canada. The oil and petroleum wells owned by Obsidian Energy are located in the Western Canadian Sedimentary Basin, which is a known geological feature because of the abundance of petroleum reserves. It is also considered as one of the largest petroleum reserves in the world, and the amount of oil extracted by Obsidian Energy from the location is about 31,000 barrels per day. There are three primary locations in the Western Canadian Sedimentary Basin where Obsidian Energy operates – the Alberta Viking, the Peace River Oil Sands, and the Pembina Cardium, which are all located in the province of Alberta.

 

 

Known for its vast area, the Western Canadian Sedimentary Basin covers more than 1.4 million square kilometers of land. It encompasses several provinces and territories of Canada, including Alberta, British Columbia, Manitoba, Northwest Territories, and Saskatchewan. Over 250 million cubic meters of gas have been extracted from the location in 2000, but the actual number data has been observed to go down as years go by. Today, most of the operations conducted by Obsidian Energy are only for reselling the oil and petroleum deposits that they managed to extract. Click Here for additional information.

 

 

In the past, when Obsidian Energy was still known to the public as the Penn West Petroleum, the number of oil and petroleum that they are extracting per day is higher. They have been known as one of the 60 largest companies in Canada, posting more than $9.5 billion in annual sales. However, due to the constant crash of the oil and petroleum prices around the world, starting in 2014, Penn West Petroleum started to feel the effects, and their revenues went down. They had to cut the number of their employees to save money, and they also had to sell some of their assets. The company had to go through a restructuring and rebranding procedure to save what’s left, and in June 2017, the company changed its brand name to Obsidian Energy. With a new set of officers looking for the company, Obsidian wishes that their sales be restored to its former status.