Penn West

• Penn West proposes name change to Obsidian Energy

  Penn West wants to change its name to Obsidian Energy after surviving an accounting scandal, debt crisis and commodity price crash over the past three years.

  Economy

  May 26, 2017
  
• Penn West Petroleum withdraws from core area in northern Alberta

  Penn West Petroleum Ltd. says it has negotiated the sale of an additional $230 million of assets, including a formerly core property in the Slave Point area of northern Alberta.

  Money

  Mar 21, 2016
  
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• Penn West cuts capital budget by 90%

  Penn West Petroleum Ltd. is cutting its capital budget for 2016 to only one-tenth of what it spent last year as the conventional oil and gas producer lowers its average daily output, shuts in wells and works to reduce expenses.

  Economy

  Jan 28, 2016
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• Penn West to sell Mitsue-area properties

  Penn West Petroleum Ltd. has agreed to sell its properties in the Greater Mitsue area of central Alberta for $192.5 million cash.

  Economy

  Sep 15, 2015
• ConocoPhillips, Penn West cut over 900 oil and gas jobs

  A fresh wave of layoffs is hitting the energy sector as two oil and gas companies cut a total of 900 jobs, mostly in Calgary.

  Economy

  Sep 1, 2015