The importance of oil and gas is unquestionable, especially in today’s society. The two powerful substances can be found all over the globe and in high abundance. Western Canada is no exception as it is one of the most fertile regions for oil and gas production. On the other hand, there is one company that has been outperforming the competition on a consistent basis. Have you ever heard of Obsidian Energy? If you haven’t heard, then just know that this is one of the most successful oil and gas companies in North America.
Obsidian Energy is definitely worth its weight in gold. The company has a well-balanced portfolio, it creates bottom-line results, and it has high-quality assets to sustain its growth. Obsidian has a well-established background, and it has been in business for close to 40 years. The amount of experience and expertise is being put on full-display for the world to see. President and CEO David L. French has been on a mission to keep this company at the top of the ranks. As of 2017, the company has downsized from 2,000 staff members to 1,000 staff members. This decrease has come in the wake of 2014’s lower crude oil prices. Obsidian Energy and other similar companies has felt the pinch, but this company has remained active under this pressure. To reduce some of its debt, Obsidian Energy has gone through a restructuring process. See This Article for additional information
As of today, the future is looking brighter thanks to its discipline and accountability. Many of the wells are producing more bbl equivalent, and its capital program for 2018 looks to become even more efficient. Can Obsidian Energy get back to the top position? By listening to the company’s latest press release, Obsidian Energy is definitely back on track to become a huge success.
The company was at the apex of its success and was even among the sixty most prominent firms in the Toronto stock Exchange and was also a Canadian Royalty Trust (CANROY).
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Drastic climatic changes are causing high temperatures, which are already having severe and costly effects on our community, health, and the entire planet. Seas are rising, leading to increased coastal flooding. Wildfires have increased, and it’s becoming more and more difficult to stop them. Our health is at risk, and things could get worse in the future. But that does not mean that humankind is sitting back waiting for global warming to dictate our fate. No! Governments are introducing new rules and regulations that are helping deal with the ever-rising temperature. Organizations are also coming up with new products that promise to reduce the harmful impact global warming.
In Texas, for instance, organizations are increasingly embracing new strategies that are helping them addressing customer’s climate change concerns. Among them is Stream Energy, a company that prides itself as the world’s leading and the largest provider of direct energy. The company supplies energy and other related life service products in Texas and other states across the United States. Since its inception in 2005, the energy company has engaged countless green energy programs aimed at solving the global warming dilemma while giving clients a wide range of options to meet their current and future energy needs.
Stream Energy, which has its headquarters in the Tollway building, Dallas, leads the park of those offering customers a plan for buying energy from renewable sources (Renewable Energy World). They unveiled their latest plan in 2016. The smart 30 Watersaver Green & Clean plan allows its customers to purchase 100% clean energy instead of the common dirty and less effective fossil fuels. In an attempt to control water wastage and promote water conversation, the energy company came up with intelligent sprinkler controllers, which are designed to help its customers control water usage.
Stream Energy also has a charitable program that is aimed at helping those affected by global warming (https://www.dallasnews.com/business/real-estate/2017/05/22/stream-energy-sets-shop-new-addison-hq). The charitable arm helped victims during Hurricanes Harvey and Irma through donations and waiving of fees to their affected customers. Stream Energy is not just revolutionizing how we deal with global warming but also influencing the business world through their unique and surprisingly effective business model, which depends primarily on word-of-mouth. The unique business model has helped transform Stream Energy from a scrawny firm into an indomitable force in the energy sector.
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